Dossier
Oxford Institute for Energy Studies
Coverage of Oxford Institute for Energy Studies in the Nexus archive.
Chinaplace2Iranplace2Strait of Hormuzplace2General Administration of Customsorganization1Michal Meidanperson1Goldman Sachsorganization1Kplerorganization1Reid I'Ansonperson1Center for Strategic and International Studiesorganization1Jane Nakanoperson1U.S. Energy Information Administrationorganization1International Energy Agencyorganization1Jim VandeHeiperson1Strategic oil reservestopic1
- Iran war shows China role in setting the price of oil
China's reduction in oil imports during the Iran war helped stabilize global oil prices, preventing severe spikes. By utilizing domestic reserves, coal, renewables, and electric vehicles, China mitigated economic impacts while acting as a 'shock absorber' for energy markets.
- China stockpiled huge amounts of oil before Iran war
China has accumulated a massive oil stockpile, reaching nearly 1.4 billion barrels by December 2025, positioning it as a strategic beneficiary of the Iran war and global oil shocks. The stockpiling was driven by low oil prices, geopolitical risks, and a new domestic energy law, while China's dominance in renewable energy supply chains further strengthens its advantage.