At the FT Commodities Summit, Mercuria head Marco Dunand announced that China will resume buying large volumes of oil within three weeks after a period of heavy selling during the peak of the Iran supply crisis. The Iran supply crisis had forced China to become a major oil seller, depleting its commercial stockpile. Mercuria's statement signals a swift reversal as China clears its inventory and re-enters the market. Marco Dunand, head of Mercuria, said, "China will have to return to buying large volumes of oil within three weeks after being a big seller during the peak of the Iran supply crisis." He added, "China was selling commercial stocks it had accumulated before the crisis." These comments underscore the rapid shift in China's demand dynamics, which could lift global oil prices and ease supply constraints for drilling operations. With China's buying power expected to rebound, operators anticipate steadier feedstock availability, potentially boosting drilling activity and supporting the broader energy market.