Insight
On its way down? Where next for China’s crude storage?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China's crude oil storage capacity growth is cooling down after a decade of massive growth. The buildup gave China the opportunity to buy crude oil cheaply in 2020 on the back of the low-price environment. With a COVID-19 recovery on the way and prices back at pre-pandemic levels, crude oil stocks have declined in 2021. In this insight we incorporated our latest view on China’s refinery operation and crude import, caused by change in crude price and government regulations. We will focus on how these factors’ influence China's crude oil storage capacity and stocks, specifically: 1. Is China's 2020 floating storage build-up resolved? 2. Latest update on China's estimated storage capacity and stock level outlook. 3. High run and low import, what has caused the reversing trend in China's stock build-up? 4. How long will the draw-down continue? Will China maintain “90 days” requirement from energy security perspective?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
China's steel in its post-peak era
Decarbonising a financially fragile sector: Easier said than done
$1,050
Market Report
Global solar PV market outlook update: Q1 2025
This report dissects how the key market developments from the past quarter will affect global solar buildout over the next 10 years.
$5,990
Insight
Double whammy for China’s refining – 2025 is a tipping point
This insight explores the impact of China's government policies and market forces on China refining industry.
$900
