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China's crude oil imports hit 51.2 million tons in August 2025. Emma Thompson, a Commerzbank analyst, shared this nugget.
State refineries kept steady. But independent ones? They ramped up production. At least that's what SCI, a consulting firm, thinks.
The first eight months of 2025 saw China import 389.7 million tons of crude. Up 3.5% from last year. Interesting trend.
Not all that oil stays in China, though. It's kind of surprising. Oil product exports jumped 9.2% to 5.58 million tons in August. Been happening for a while now.
Seems China's got a foot in both camps. Big-time crude importer. Growing oil product exporter. Global oil markets? China's fingerprints are all over them.