China Absorbs Global Oil Glut with Surplus of 2.67 Million bpd in December
Chinese crude imports reached a record 13.18 million barrels per day in December 2025. The annual surplus exceeds 1 million barrels daily, feeding the country’s strategic reserves.
| Countries | Chine, Arabie Saoudite |
|---|---|
| Sector | Pétrole |
| Theme | Marchés & Finance |
China recorded a crude oil surplus of 2.67 million barrels per day (bpd) in December, up from 1.88 million bpd in November. This level represents the highest since June 2020, when the world’s largest importer was taking advantage of low prices during the COVID-19 pandemic. For the full year 2025, surplus crude volume reached 1.13 million bpd, comparable to the 1.15 million bpd observed in 2024.
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