Beijing’s decades-long push to reduce its dependence on foreign oil with huge investments in clean energy sources like electric vehicles is now paying off.

By Sam Li and Lewis Jackson BEIJING, March 9 (Reuters) - China raised regulated ceiling prices for retail gasoline and diesel in the sharpest increase since March 2022 on Monday, following a surge in international oil prices due to the U.

China’s oil imports hit record highs in 2025 at 11.55 million bpd. Rising oil prices and surging freight rates may now curb imports, even as China boosts discounted Russian purchases and benefits from price cuts on African and Saudi crude. Despite talk ...

The China 'deflation doom loop' story certainly looks like it's aged poorly, as inflation continues to trend higher.

Chinese clothing suppliers are bracing for higher apparel prices as the Iran war-induced surge in crude oil prices pushes up raw-material costs across the supply chain.

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. China built a massive crude buffer in 2025, stockpiling an estimated 1 million bpd while prices hovered near $60, taking advantage ...

The statistics bureau said that China's energy supply is "relatively strong," while announcing an uptick in domestic production.

China's need to bolster crude stockpiles amid rising geopolitical risks likely to have been a factor behind pre-war import surge, analyst says China's imports of discounted Russian crude oil surged in January and February,

The world’s top crude importer, China, plans to further boost its undisclosed strategic oil reserves and expand storage capacity under its newly-unveiled five-year development plan. China will build more projects to expand its oil reserves, according to ...