China's Oil Storage: Price Stability in 2026

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.