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China’s Record Oil Stockpile Offers Buffer as Iran Crisis Builds

Summary by Bloomberg
Oil refiners in China — the largest takers of Iranian crude — are unfazed for now about the possibility of interruptions to Middle Eastern supplies given the nation has a record stockpile that provides a temporary buffer.

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China builds record oil reserves amid threat of disruptions from IranChina has built a record 1.18 billion barrels of crude oil reserves to protect against disruptions from the Middle East. This allows refineries to maneuver in the face of potential oil supply disruptions, including from Iran.

·Kyiv, Ukraine
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Dear reader, an apology but the overload of work these months has us in many meetings and now we find the conflict between Israel and Iran threatens to put a Kafkian touch on the oil industry in the Middle East, the world’s main energy engine and home to about one third of crude production. Giving him a retrospective about who has an interest in seeing Iranian crude oil, a situation in which China is primarily responsible for keeping that countr…

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fxempire.com broke the news in on Thursday, June 19, 2025.
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