Insight
Can China’s SPR dampen crude price escalation?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China announced to auction stocked crude oil in its Strategic Petroleum Reserve (SPR) for the first time in history. These SPR sales aim to help the refining and chemical production industry reduce the impact of expensive crude imports and high freight rates by releasing barrels at, potentially, a lower-than-market price, and the auction is explicitly targeting chemical-integrated plants. This insight aims to: • Introduce how the auction will work. • Illustrate who will benefit from this and the coming sales? • Evaluate how much will the SPR supply the market and its impact to the international oil market.
Table of contents
- Executive Summary
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
CCUS China country report: going beyond decarbonisation mandates
CCUS China country report: going beyond decarbonisation mandates
$1,250
Insight
Wood Mackenzie - Future Facing Commodities Forum 2026
The recordings and session content presented during our 5th Future Facing Commodities Forum series can be accessed through this page
$1,050
Insight
Focus on China oil demand: Is it growing or not?
Oil market sentiment in H2 2024 is weighed down partly by expectations that demand in China is not growing this year
$1,350
