China kept building its crude stockpile in April despite Iran crisis
Published on: May 21, 2026, 7:27 a.m. | Source: The Economic Times
China is accumulating crude oil reserves even as imports decrease. This contrasts with global trends of depleting oil stocks. The nation's refinery processing has also slowed. Analysts suggest China could sustain this inventory build for years. Future import levels and fuel export decisions will determine if China begins drawing down its substantial stockpiles.
