China's surplus crude oil eased slightly in December, but the excess surged in 2024 to more than 1 million barrels per day ...

(Bloomberg) -- China’s independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on becomes a lot scarcer. Over a fifth of ...

BEIJING--China, the world’s biggest energy consumer, is taking advantage of a plunge in global oil prices due to the coronavirus outbreak to build up its stockpiles of crude. Imports rose 4.5 ...

How Does China Use Its Oil Reserves to Control Prices? China’s reserves have a history of cooling the market when prices spike too fast. When crude prices rise beyond levels Beijing deems ...

CHINA’S independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on becomes a lot scarcer. Over a fifth of the country’s oil ...