While domestic oil production is slightly higher, rising 2.1% in the first four months of 2024, it seems that China is adding to inventories at a faster pace so far this year than it did in 2023.

LAUNCESTON, Australia, Jan 18 (Reuters) - China boosted the volume of crude oil being stockpiled in December as lower prices encouraged refiners to lift imports and maintain high levels of ...

China recorded an estimated 82-million bbl increase in crude inventories during second-quarter 2025. The surge contributed ...

By Clyde Russell LAUNCESTON, Australia, Jan 18 (Reuters) - China boosted the volume of crude oil being stockpiled in December as lower prices encouraged refiners to lift imports and maintain high ...

Researchers from Prof. Quan-You Liu's team at Peking University decoded the complex accumulation mechanisms of China’s ...

China's surplus crude amounted to 1.74 million barrels per day (bpd) in March, the most since June 2023, according to calculations based on official data. The swing to a huge surplus of available ...

By 2030, China's overall new-type storage capacity is expected to reach 313.9GW, with an annual growth rate of nearly 40 per cent, Beijing-based non-profit China Energy Storage Alliance (CNESA) said.

A new energy storage plant featuring sodium- and lithium-ion batteries has opened in China's Yunnan province. The energy ...

A tanker carrying Iranian fuel oil in violation of US sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan, according to ship tracking data on Refinitiv Eikon. The ...

China, the world’s second-largest economy, has become addicted to foreign oil at a stunning pace. As recently as the early 1990s, China was self-sufficient in oil.

Constructed by China Railway Major Bridge Engineering Group (MBEC), the oil storage tank facility is situated just 5.1 kilometers from Nyerere Bridge, another MBEC project, and is a major ...