Chinese oil imports boom, with giant volumes going to strategic reserves. How much? Nobody knows. https://tankie.tube/videos/watch/14f6b2b7-944d-4b58-b288-ab5473b802e3 China imports more oil than Saudi Arabia pumps, despite peaking domestic consumption. Energy independence is a crucial component of Chinese national security, and vast stockpiles for oil reserves have been built, with more coming. Western analysts can only make educated guesses as to the true size of China's oil trade and stockpiles. Huge trading volumes are done outside the US dollar, and with fleets of shadow tankers and pipelines. China's immense presence in the oil trade is ironically keeping prices higher in Western markets, even while Chinese firm themselves buy from sanctioned companies and countries at steep discounts. Closing scene, Hukou Waterfall, Shanxi Resources and links: Brent, WTI charts from www.finviz.com Wall Street Journal, How China Curbed Its Oil Addiction—and Blunted a U.S. Pressure Point https://www.wsj.com/world/china/china-oil-demand-lower-b5ae15ed Wall Street Journal, China Is Filling Up Its Oil Reserves Fast https://www.wsj.com/business/energy-oil/china-is-filling-up-its-oil-reserves-fast-444b8edb China’s internal combustion car sales peaked in 2017 as electric vehicles took off https://ourworldindata.org/data-insights/chinas-internal-combustion-car-sales-peaked-in-2017-as-electric-vehicles-took-off China, Russia building NatGas pipelines for energy previously headed to Europe, with lower prices https://youtu.be/Knq3Z4mYaOE Now it's oil: China, BRICS and OPEC+ build new trading system, locking out US suppliers and banks https://www.youtube.com/watch?v=uUyfVRwQk7E X, Cost of oil production in some OPEC countries and break-even oil prices, from Rystad Energy https://x.com/WaelMahdi/status/688614542746599424 U.S. to Buy 1 Million Barrels of Oil for Strategic Petroleum Reserve https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-10-21-2025/card/u-s-to-buy-1-million-barrels-of-oil-for-strategic-petroleum-reserve-D50m778L2XPt5buBmqX0 Mon, 20 Apr 2026 05:10:01 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://tankie.tube Chinese oil imports boom, with giant volumes going to strategic reserves. How much? Nobody knows. https://tankie.tube/lazy-static/avatars/3ba3ff73-a8b6-49c9-add8-9653ef090c7f.webp https://tankie.tube/videos/watch/14f6b2b7-944d-4b58-b288-ab5473b802e3 All rights reserved, unless otherwise specified in the terms specified at https://tankie.tube/about and potential licenses granted by each content's rightholder.