Beijing taps strategic stockpiles to offset Middle East supply disruptions, avoiding spot market premiums for crude imports.
China has started releasing approximately 1 million barrels per day from its oil reserves, responding to prolonged Middle East supply disruptions that cut global output by around 10%. The move aims to mitigate reliance on costly spot crude purchases amid ongoing geopolitical tensions.
Energy consultants and tracking firms estimate the drawdown will continue over the coming months, reflecting China’s strategy to balance import costs. The country remains the world’s largest crude importer, with stockpiles serving as a buffer against price volatility.
No immediate market reaction was reported, though the drawdown could ease upward pressure on global oil prices if sustained at current levels.