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الاقتصادية
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China to refill oil stocks at 400k bpd from November
The Chinese state-owned refineries plan to refill their oil stocks at a rate of 400,000 barrels per day starting from November through April of next year, aimed at enhancing energy security and reducing reliance on the external market amid supply disruptions caused by the ongoing US-Iran conflict. Since April, Beijing has managed its oil reserves centrally and extended the replenishment period to 3-5 months to ensure continuous domestic supplies and avoid purchasing oil at unfavorable prices. Additionally, China has maintained its strategic reserve, equivalent to 120 days of its oil imports, with a temporary suspension of exports to protect the local market from rising prices.
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