Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
15 July | Oil

China to increase oil imports to replenish strategic reserves — Energy Aspects

Brent
WTI Light Crude Oil
China to increase oil imports to replenish strategic reserves — Energy Aspects

Energy Aspects reports that China's push to stockpile crude will help offset weaker commercial demand and keep overall oil imports steady.

According to Bloomberg, China could buy up to 140 million barrels of crude for its strategic fuel reserves, with deliveries scheduled for Q4 2025 and Q1 2026. The government plans to purchase oil as long as prices remain below $80 per barrel.

Bloomberg estimates that in June, the world's top crude importer bought 12.2 million barrels per day, the highest level in nearly two years. Iran has been the main supplier of this extra oil to China. Energy Aspects analysts predict China's crude imports in 2025 will exceed last year's volumes.

Elizaveta Kuzmicheva MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 120.2K to 109.5K
29 August
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 538 to 536
29 August
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 411 to 412
29 August
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 0.419M to -0.838M
27 August
United States. Crude Oil Inventories. The value of the indicator has increased from -6.014M to -2.392M
27 August
Top news
United States. PCE price index (YoY). The value of the indicator remained at the same level of 2.6%
29 August
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 2.8% to 2.9%
29 August
United States. GDP (QoQ). The value of the indicator has increased from 3% to 3.3%
28 August
European Union. Manufacturing PMI. The value of the indicator has increased from 48.4 to 50.5
21 August
European Union. Trade Balance. The value of the indicator has decreased from 16.5B to 7B
18 August
All news

Forecasts

AUDCAD sell
Period: 05.09.2025 Expectation: 900 pips
AUDCAD loses momentum near channel resistance
TA Other Technical analysis Indicators Chart analysis
29 August 2025 45
Lyra_Moonwell1
GBPUSD buy
Period: 05.09.2025 Expectation: 900 pips
Inverse head and shoulders pattern to form upon GBPUSD break of 1.358
Hot news Indicators Chart analysis
29 August 2025 50
Tom_Kern
USDJPY sell
Period: 30.11.2025 Expectation: 2800 pips
USDJPY set to weaken in medium term
FA Other Chart analysis
29 August 2025 28
McCarthy_Raymond
Brent sell
Period: 05.09.2025 Expectation: 200 pips
Brent declines amid growing inventories and potential production increases
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
29 August 2025 53
Emily_Foster
USDCAD buy
Period: 05.09.2025 Expectation: 600 pips
Buying USDCAD on divergent data from US and Canada
FA Other Chart analysis
29 August 2025 26
McCarthy_Raymond
Tesla Inc buy
Period: 30.11.2025 Expectation: 3000 pips
Tesla shares to get boost on breaking $370
FA Other Chart analysis
28 August 2025 49
McCarthy_Raymond
Go to forecasts