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China crackdown could knock crude oil import growth to 20-year low

July 25, 2021 SINGAPORE: Beijing s crackdown on the misuse of import quotas combined with the impact of high crude prices could see China s growth in oil imports sink to the lowest in two decades in 2021, despite an expected rise in refining rates in the second half. Shipments into the world s top crude importer and No. 2 refiner could be steady, or increase by up to 2 percent to just over 11 million barrels per day (bpd) this year, consultancies Energy Aspects, Rystad Energy and Independent Commodity Intelligence Services (ICIS) found. That compares to an average annual import growth rate of 9.7 percent since 2015, and would be the slowest growth since 2001, China customs data showed.

FEATURE-Iraq s power cuts show privilege of staying cool in a heatwave

By Maya Gebeily, Thomson Reuters Foundation 6 Min Read Poorer Iraqis struggle to cope with power cuts Better-off residents bypass blackouts with generators BEIRUT, July 6 (Thomson Reuters Foundation) - No strangers to temperatures above 50 degrees Celsius (122 Fahrenheit), Iraqis are adept at finding ways to stay cool in summer. But a spate of recent power cuts has exposed a deep divide between the heatwave haves and have-nots. While relatively well-off residents of the capital, Baghdad, can afford generators that crank into action when the national grid falters, others have been struggling to cope without air-conditioning, fridges and electric fans for days. Government employee Sadiq Sadkan pays about $200 per month to access a generator supplying his middle-class neighbourhood during blackouts, which worsen amid surging summer demand.

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