Energy Security Drives China’s Response to Gulf Oil Crisis

Strategic stockpiles, refinery cutbacks and weaker fuel demand help Beijing absorb disruption from the Iran conflict Energy security has emerged as China’s primary defence against the Gulf supply shock, with the world’s largest crude importer drawing on commercial oil inventories, delaying refining projects and curbing fuel production rather than rushing into global markets to replace […] The post Energy Security Drives China’s Response to Gulf Oil Crisis appeared first on The Middle East Observer.