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Chinese Refiners to Slow Inventory Drawdowns as Imports Pick Up

Bloomberg Markets Tuesday 13 October 2026, 08:30 UTC By Bloomberg News 1 min read
Key Points

Chinese Refiners to Slow Inventory Drawdowns as Imports Pick Up Chinese refiners will slow drawdowns of oil from reserves this month as crude imports recover, according to Energy Aspects. More overseas crude is expected to arrive from November, allowing China to preserve its stockpiles buffer against further supply disruptions, said Jianan Sun, an analyst at Energy Aspects. Recent purchases of Iraqi and other Middle Eastern barrels for delivery next month suggest refiners are already...

Chinese Refiners to Slow Inventory Drawdowns as Imports Pick Up Chinese refiners will slow drawdowns of oil from reserves this month as crude imports recover, according to Energy Aspects. More overseas crude is expected to arrive from November, allowing China to preserve its stockpiles buffer against further supply disruptions, said Jianan Sun, an analyst at Energy Aspects. Recent purchases of Iraqi and other Middle Eastern barrels for delivery next month suggest refiners are already securing more supplies, he added.
Chinese (ORG) Energy Aspects (ORG) China (LOCATION) Jianan Sun (PERSON) Iraqi (ORG) Middle Eastern (LOCATION)
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