Strategic Stockpiling to Support China’s Crude Imports

Oil Voice:

China’s strategic petroleum reserve (SPR) depot in Jinzhou officially started filling in August 2018, bringing the existing depot capacity to a total of 249.1 million barrels, according to ESAI Energy’s new released China Watch report. The launch of this site suggests that Beijing is slowly progressing towards the end of its Phase II SPR, and that filling the government depot alone could add 70,000 b/d to Chinese crude demand between now and the end of 2018 and another 150,000 b/d in 2019.

Strategic Stockpiling to Support China’s Crude Imports

Hellenic Shipping News:
China’s strategic petroleum reserve (SPR) depot in Jinzhou officially started filling in August 2018, bringing the existing depot capacity to a total of 249.1 million barrels, according to ESAI Energy’s new released China Watch report. The launch of this site suggests that Beijing is slowly progressing towards the end of its Phase II SPR, and that filling the government depot alone could add 70,000 b/d to Chinese crude demand between now and the end of 2018 and another 150,000 b/d in 2019.