Trade The World
China is building up crude Oil reserves – Commerzbank
Di FXStreet Insights Team
Data di Pubblicazione: 9 Sep 2025 | Data di Modifica: 9 Sep 2025
POPULAR ARTICLES
Part of the crude Oil imports in recent months has also gone into stockpiling, Commerzbank's commodity analyst Carsten Fritsch notes.
Part of the crude Oil imports in recent months has also gone into stockpiling, Commerzbank's commodity analyst Carsten Fritsch notes.
China absorbs excess supply in the Oil market
"The chief strategist of a large commodity trading house expects China's reserve purchases to continue at an unchanged pace over the next year. He spoke of stockpiling of almost 1 million barrels per day since March."
"Based on available data from China on crude Oil imports, crude Oil production, and processing, the implied stockpiling between March and July even amounts to an average of 1.4 million barrels per day. China has thus played a significant role in absorbing the oversupply in the Oil market. This role is likely to continue in the coming months, which could prevent a sharper decline in Oil prices."
FXStreet
Oltre un milione di utenti si affida a FXStreet per dati di mercato in tempo reale, strumenti di charting, approfondimenti di esperti e notizie Forex. Il loro calendario economico completo e i webinar formativi aiutano i trader a rimanere informati e a prendere decisioni ponderate. FXStreet conta circa 60 professionisti tra la sede di Barcellona e diverse regioni globali.
Read More
