China Increases Oil Stocks After Russia Sanctions

The latest sanctions imposed by the U.S. on Russia have raised significant concerns in the global energy market, while China has increased its crude oil stocks to record levels in a bid to enhance energy security. This situation is particularly noteworthy in terms of its effects on energy prices worldwide.

Recently published customs data shows that Russia has played a significant role in China's crude oil imports in the first nine months of this year. It is noted that approximately 17% of the imports came from Russia, which is considered a critical situation, especially in terms of energy independence.

Analysts indicate that a significant portion of China's crude oil imports is being stored in national reserves. In this way, the country aims not only to increase its current energy supply but also to present a stronger position against future energy crises.

Moreover, the 160 million barrels increase in China's stocks is recorded as the highest level since 2020. This situation once again highlights the importance of China's strategic planning in terms of energy security.

Energy experts characterize China's actions not only as efforts to enhance national energy security but also as a precaution against potential fluctuations in the global energy market. This change may serve as a lesson for other countries and pave the way for the development of new strategies regarding energy dependence.