China Quietly Steps Up Crude Stockpiling as Imports Surge
تحليل معلومات السوق
مدعوم بالذكاء الاصطناعيChina has increased its crude oil stockpiling, with imports rising significantly to an average of 12.43 million barrels daily. This move indicates a strategic buildup of reserves amidst strong domestic refining activity, suggesting a potential bullish sentiment in the oil market due to increased demand and stockpiling efforts.
Market impact analysis based on bullish sentiment with 78% confidence.
سياق المقال
China bought more crude oil for storage last month, with the average daily at some 1.88 million barrels, according to calculations made by Reuters energy columnist Clyde Russell. Russell reported today that China’s domestic oil production last month stood at 4.31 million barrels, which was added to imports of some 12.43 million barrels daily. Refiners, for their part, processed an average of 14.86 million barrels daily. Based on these figures, a surplus of 1.88 million barrels daily remained to be placed in storage. All the figures above,…
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