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Latest Reports and Analysis

Latest Analysis / China Oil and Gas Monthly

China Oil Snapshot

Published: 29 May, 2026

Highlights:

Crude demand from China fell by over 3 mmb/d in 2Q 2026 amid a pause in crude stockbuilding and lower refinery processing. The only plausible relief would have to come from policy intervention, but this is unlikely in our view.
China’s asphalt supply hit a multi-year low in April amid a ...

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