China’s strategic drawdown of oil reserves has helped stabilize global energy markets amid tensions involving Iran, but officials now warn the country is reducing its stockpile at a slower pace. With demand rising and production cuts easing, Beijing is gradually returning to normal import levels after months of aggressive stockpiling. Analysts suggest this shift could tighten supplies just as geopolitical risks persist, raising concerns over potential price volatility. The move reflects China’s efforts to balance domestic needs with long-term market stability.
Beijing has cushioned global impact of Iran war by drawing down stocks but is now ‘coming off its crash diet’
