How is China reducing the consumption of transport fuels? Is that driven by changes in individuals' fuel consumption patterns or by a change on the industrial side?
Sounds like they're burning through their reserves as well. But since China's economy is more centrally controlled, it's likely they keep bigger reserves.
And even more importantly, China has slashed its crude imports, turning instead to massive stockpiles. (https://www.cnn.com/2026/06/09/business/oil-strait-of-hormuz...)
Sounds like they're burning through their reserves as well. But since China's economy is more centrally controlled, it's likely they keep bigger reserves.