李峻 编译自 路透社
China Accelerates Stockpiling Of State Oil Reserves Over 2016/17
China's state oil reserves increased by nearly 14 percent between June 2016 and June 2017, official data showed, picking up pace from the previous six months.
Analysts attributed the increase to the government taking advantage of low oil prices to keep Strategic Petroleum Reserves (SPR) high, and said stockpiling had eased in the third and fourth quarter of this year as oil prices rebounded.
China had stored 37.73 million tonnes, or 275 million barrels, in nine bases by mid-2017, up from 33.25 million tonnes at the end of June the previous year, according to the data from the National Energy Administration (NEA). The latest number was largely in line with forecast of 38.90 million tonnes from Thomson Reuters Oil Research.
The nine bases are Zhoushan, Zhoushan expansion, Zhenhai, Dalian, Huangdao, Huangdao SPR, Duzishan, Lanzhou and Tianjin.
China rarely releases data on its SPR volumes and this is the first update in eight months of its crude oil reserves.
Adding 4.48 million tonnes of crude oil over the 12 months to June 2017 is equivalent to adding 89,600 barrels of oil per day (bpd). That's higher than the average rate of 52,000 bpd in the first half of 2016, but much lower than the filling rate of 240,000 bpd notched in 2015.