China Taps Commercial Oil Stockpiles to Help Weather Gulf Shock
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0.267 · RIGHT
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Article Excerpt
2)kaz7ps5w4(5n{ua55ok6a9_media_dl_1.png Kpler Article content (Bloomberg) — China has started tapping its commercial crude reserves to help offset the supply shock from the Iran war, although the world’s biggest oil importer is continuing to prioritize lower refinery use and fuel export limits to manage the fallout. Article content Inventory draws are expected to average about 1 million barrels a day in the coming months, according to estimates from Vortexa Ltd., Kpler and Energy Aspects. That’s about a third of the crude that China is no longer receiving since the conflict led to the near-tot…
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Jun 10, 2026