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POWERBIT · 08/09/2026 · 5 MIN READ

China’s Crude Imports Surge 37.93MMbpd: Global Refining Capacity & Strategic Reserves Depletion

china-imports8.93 million bpd of Chinese refining capacity strains global strategic reserves, as Vitol CEO Russell Hardy notes ‘extremely tight’ fuel markets. Infrastructure bottlenecks impede supply chain equilibrium despite increased flows from the Persian Gulf, revealing a systemic imbalance.

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Tag: crude-oil-imports

China’s Crude Imports Surge 37.93MMbpd: Global Refining Capacity & Strategic Reserves Depletion

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