More SPR releases may follow
China flexes SPR in oil market show of force
China’s upcoming release of crude from its strategic petroleum reserve may signal more measured buying ahead for the world’s top importer
China’s National Food and Strategic Reserves Administration (NFSRA)—which manages the country’s strategic material reserves—announced last week that it will release 7.38mn bl from its strategic petroleum reserve (SPR). The barrels will be auctioned off to a select few state-owned oil companies and integrated independent refineries in phases, with the first taking place on 24 September. The barrels for auction include Qatar Marine, Forties, Oman, Murban and Upper Zakum in five lots, and were put into storage at Dalian in northeastern China last year. The barrels are required to be used as feedstock for petrochemical production and can be consumed only by the buyer. 7.38mn bl – SPR relea
Also in this section
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
8 December 2025
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
