China's Oil Storage: Price Stability in 2026
Update: 2025-12-22
Description
In 2025, China took the reins in stabilizing oil prices, buying and storing extra crude to set a price floor and ceiling, despite market fluctuations. OPEC plus previously propped up prices with production cuts, but Chinas role became more prominent as it soaked up surplus oil, preventing a glut. Chinas storage capacity, estimated between 1 billion and 1.4 billion barrels, is expected to grow, enabling it to manage the market and keep prices steady into 2027.
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