China Oil Consumption
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China's Waning Appetite For Oil Is Keeping Emissions In Check
China's oil consumption fell 9% year-on-year in the second quarter of 2026, driven by a 16% slump in the transport sector, according to a report from the Centre for Research on Energy and Clean Air.
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Before Iran War, China Amassed World's Largest Oil Stockpile
According to the US Energy Information Administration, China had nearly 1.4 billion barrels of oil put aside compared to 1.2 billion barrels among 32 members of the International Energy Agency (IEA). Of these, the US has 413 million barrels.
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China Crude Oil Imports Hit Record Amid Global Price Rout
China's crude oil imports hit a record 7.82 million barrels a day (bpd) in December, customs data showed, as the world's No.2 oil consumer took advantage of low crude prices to fill strategic reserves, but also increased its exports of refined fuels to an all-time high.
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China's Waning Appetite For Oil Is Keeping Emissions In Check
China's oil consumption fell 9% year-on-year in the second quarter of 2026, driven by a 16% slump in the transport sector, according to a report from the Centre for Research on Energy and Clean Air.
-
Before Iran War, China Amassed World's Largest Oil Stockpile
According to the US Energy Information Administration, China had nearly 1.4 billion barrels of oil put aside compared to 1.2 billion barrels among 32 members of the International Energy Agency (IEA). Of these, the US has 413 million barrels.
-
China Crude Oil Imports Hit Record Amid Global Price Rout
China's crude oil imports hit a record 7.82 million barrels a day (bpd) in December, customs data showed, as the world's No.2 oil consumer took advantage of low crude prices to fill strategic reserves, but also increased its exports of refined fuels to an all-time high.
