China’s Crude Oil Imports: A Key to Global Market Stability
China’s high crude oil imports play a central role in global markets and oil prices. They are considered important indicators of the economic situation and demand. In 2025, China’s crude oil imports are expected to have increased by approximately 7.4%, indicating sustained demand. These imports flow not only directly into consumption but also into stockpiles, which affects the global supply.
The Relevance of Russian Oil Imports
The significance of Chinese crude oil imports is also evident in the context of Russian oil. Russia exports substantial amounts to China via pipelines like the East Siberia-Pacific Ocean (ESPO) pipeline – in January 2025, it was around 630,000 barrels per day. These pipeline connections secure China a stable access to crude oil and simultaneously influence the global market.
Outlook and Market Trends
However, experts expect only weak growth in Chinese crude oil imports for the entire year of 2025. At the same time, a market surplus is anticipated, which may exert pressure on prices. The stockpiling of oil in China serves as a buffer and can cushion short-term supply fluctuations.