Trending claims

China possesses a robust high-speed rail system and the ability to produce chemicals from coal instead of oil.

The International Energy Agency reports that electric vehicles, making up about 14% of passenger cars in China, led to a reduction in oil use of 1.5 million barrels per day in the second quarter.

Sinopec, China's largest refiner, has stated that the country's oil consumption likely peaked last year, ahead of forecasts.

China is no longer stockpiling oil and has started using some of its reserves.

Chinese refineries have sharply reduced their production of fuels from oil.

China imports more oil than it produces.

Goldman Sachs analysts wrote that China's oil purchasing behavior affects global oil price volatility.

Dr. Downs stated that China is a force for OPEC to reckon with.

China's oil refining capacity is 19.1 million barrels per day, compared to 17.6 million in the U.S., according to the International Energy Agency.

Electric cars constitute 25% of all new car sales in China.

China's oil demand peaked in 2024, according to the International Energy Agency.

China has built the world's largest high-speed rail network.

China's population fell in 2025 for the first time in 60 years.

The price of diesel in the United States is at a record $6.40 per gallon.

China is the world's largest importer of crude oil and the second-largest consumer, behind the United States.

The U.S. Strategic Petroleum Reserve is at 347 million barrels, its lowest level in 40 years.

China has the world's largest strategic petroleum reserve, estimated at 1 billion barrels, according to industry executives.

Tom Reed of Argus Media stated that the final pre-blockade shipments of Iranian oil seem to have arrived at small, independent refineries in China.

During spring fuel shortages, China's limited exports went mainly to allied countries like Vietnam and Thailand.

A meeting is scheduled between President Trump and China's leader, Xi Jinping, at the White House during the week of September 21, 2026.