EnergyReader · 2026-08-06 05:27

China's Record Oil and Gas Output Drives Crude Imports to Nine-Year Low

By EnergyReader Newsroom · August 6, 2026

China produced a record 216 million tons of crude oil in 2025, with natural gas output rising by 10 billion cubic meters to its own record high, the National Energy Administration reported on July 22 (2026-07-22). Combined oil and gas production in oil-equivalent terms reached 420 million tons for the year, also a record.

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China's Yuan Crude Futures Hit All-Time Record on Saudi Pipeline Outage and Resurgent Refiner Buying 1h ago · China same market GAIL and PetroChina Say Asian LNG Demand Loss Is Temporary as Platts JKM LNG Front-Month Holds Near $27.51 10h ago · JKM via Chinese LNG Demand Eneos and Idemitsu Pay $38 Premiums for Oman Crude as Saudi Pipeline Stays Shut 10h ago · Dubai Crude via Chinese Refinery Runs Shell Warns Hormuz Supply Buffers Near Their Limit as Brent Tops $100 1h ago · Brent via Chinese Industrial Activity… Fed Downplays Oil Shock as Triple-Digit Brent Keeps Rate-Hike Bets Elevated 2h ago · Brent via Chinese Industrial Activity… ADNOC's Hormuz Bypass Pipeline Half Built as Cumulative Oil Losses Pass One Billion Barrels 6h ago · Strait of Hormuz same desk

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