China's energy supply forms a "relatively good" foundation for responding to external market volatility, said Fu Linghui, spokesperson at the National Bureau of Statistics. The bureau also announced ...

China will build more projects to expand its oil reserves, according to the authorities, who did not provide figures or details about the expected jump in crude reserve buildups and capacities. The ...

China holds an estimated 1.2–1.3 billion barrels of crude in strategic and commercial reserves, enough to cover roughly four months of imports, cushioning it from short-term supply shocks. Beijing has ...

The EIA’s April STEO report has made significant and major revisions to the projected world oil production due to the US/Iranian war. December’s world oil output W/O the US decreased by 59 kb/d to ...