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
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
Insight
China Vanadium Supply Profile
This insight unpacks China’s commanding role in the vanadium, shedding light on products, capacity, key players, and market dynamics.
$1,050
