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'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.
