China to continue leveraging commercial tanks for SPR buying amid low oil prices

July 31, 2025


By downloading this report, you'll discover:



  • How China's latest SPR mandate will bolster crude demand as OPEC+ increases production.
  • The strategic shift from government SPR sites to commercial petroleum reserves.
  • Our assessment of China's current storage capacity and future expansion plans.
  • The implications for medium sour crude grades that align with Chinese refining needs.
  • Potential market impacts through Q1 2026 and beyond.
China to continue leveraging commercial tanks for SPR buying amid low oil prices

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