Oil and gas, renewables, storage and environmental industries
Asian crude oil imports are scheduled to reach 23.96 million barrels per day in September 2026, supported by shipments from Arabian Gulf producers. China increased its imports to 8.93 million barrels per day in August, though total Asian volumes remain 13 percent below pre-tension baselines.
Asian markets are scheduled to import 23.96 million barrels of crude oil per day in September 2026, driven by Arabian Gulf supplies. China's foreign crude purchases reached 8.93 million barrels per day in August, a 6.2 percent increase month-on-month. Despite recovering maritime flows, total Asian crude imports remain 13 percent below pre-crisis baseline levels.
China's sulphur imports dropped 65 percent year-on-year in August 2026 to roughly 277,300 tonnes amid Middle East maritime logistics disruptions, according to customs data. The resulting shortage drove average import prices up by nearly 246 percent. Despite broad regional shipping constraints, the UAE, South Korea, and Canada supplied 80 percent of total August imports.
Abu Dhabi has raised its 2030 solar target to 14GW as IRENA projects doubling annual global renewable additions to 1.2TW is feasible. Meanwhile, Canada has ended anti-dumping duties on Chinese solar modules, whereas US import module prices surged over 40% following Section 232 tariffs.
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