China stockpiling supports crude oil prices despite production increases

Beijing looks to secure supply as US raises pressure on Russia, Iran

20251002N China Oil

Russia and the Middle East account for nearly 80% of China's oil imports, according to an industry group. © Reuters

YUSEI SANADA

TOKYO -- Crude oil prices are holding firm amid rising output, as China adds to its stockpiles while the U.S. ratchets up pressure on Russia and Iran, Beijing's primary suppliers.

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