China’s Oil Inventories Are at All Time High + US Weekly Oil Data
US Inventories, Exports, Imports, and Refinery Utilization (13 Charts).
July 16, 2025
Today, we begin with China, though the report focuses on the US, as Chinese oil inventories have reached record highs, as shown in Figure (A). How did this happen, and what is its impact on the global oil market? Discussion below.
Causes and Impact
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