China Expands Oil Stockpiles to Mitigate Global Supply Shocks
China is increasing its oil stockpiles to protect against global supply disruptions, according to a senior official from the National Development and Reform Commission. Domestic oil production has risen to 4.4 million barrels per day in Q1 2026, while oil imports declined by 2.3% in March 2026. The country is also diversifying its import sources away from the Middle East.
Topics: China energy policy diversification of energy sources energy security global supply shocks oil imports oil stockpiles