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		<title>The world didn&#8217;t even realize that even before the Iran war, China had started accumulating oil, that too at a low price.</title>
		<link>https://fastnewsglobe.com/the-world-didnt-even-realize-that-even-before-the-iran-war-china-had-started-accumulating-oil-that-too-at-a-low-price/</link>
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		<pubDate>Fri, 24 Apr 2026 15:56:33 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[china crude oil reserve]]></category>
		<category><![CDATA[china oil reserves]]></category>
		<category><![CDATA[Crude oil]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[Iran america war]]></category>
		<category><![CDATA[Iran war]]></category>
		<category><![CDATA[Strait of hormuz]]></category>
		<category><![CDATA[US Iran war]]></category>
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					<description><![CDATA[<p>China&#8217;s Crude Oil Reserves: The whole world is under tension due to America and Israel&#8217;s...</p>
<p>The post <a href="https://fastnewsglobe.com/the-world-didnt-even-realize-that-even-before-the-iran-war-china-had-started-accumulating-oil-that-too-at-a-low-price/">The world didn&#8217;t even realize that even before the Iran war, China had started accumulating oil, that too at a low price.</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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<p style="text-align: justify;"><strong>China&#8217;s Crude Oil Reserves:</strong> The whole world is under tension due to America and Israel&#8217;s attack on Iran since February 28. There is turmoil at the global level due to the start of the war and the blockade of the important energy shipping route Strait of Hormuz.</p>
<p style="text-align: justify;">Crude oil prices are increasing, petrol and diesel prices are increasing, expenditure on logistics is increasing, expenditure on imports is increasing, inflation is also increasing. Meanwhile, a shocking revelation has come to light.  </p>
<h3 style="text-align: justify;">China increased oil reserves</h3>
<p style="text-align: justify;">According to US government data released this week, China had accumulated oil reserves even before the war with Iran started, which is much more than any other country. The data shows that this stock has increased rapidly last year. This is proving to be a strategic advantage at a time when there is an environment of tension in the global energy markets.</p>
<h3 style="text-align: justify;">China is ahead in these matters also </h3>
<p style="text-align: justify;">Data from the US Energy Information Administration (EIA) showed that China added an average of 1.1 million barrels of crude oil to its reserves every day in the year 2025. By December 2025, China had a stock of about 1.4 lakh billion barrels of oil. Government data also indicated that China continued to increase its stockpiles until the Iran war broke out in late February.</p>
<p style="text-align: justify;">This reserve of China is more than 3 times larger than America&#8217;s Strategic Petroleum Reserve (SPR). Where America has reserves of 400 million barrels of oil. At the same time, China has created a mountain of 140 crore barrels of oil. Apart from oil, China also controls more than 70 percent of solar, wind and electric vehicle supply chains worldwide.</p>
<h3 style="text-align: justify;">cheaply bought oil</h3>
<p style="text-align: justify;">China bought oil at cheap rates from countries like Russia, Iran and Venezuela, which have been banned by western countries. Experts believe that China took this step because it did not want its economy to be affected due to the war. China bought oil at a time when oil prices in the international markets were around $60 per barrel.</p>
<p style="text-align: justify;"><strong>Also read:</strong></p>
<p class="abp-article-title"><strong>The shadow of &#8216;Mythos&#8217; is on the banking sector, why is it a threat, the Finance Minister also warned </strong></p>
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<p><a href="https://www.abplive.com/business/china-stockpiled-oil-domestically-even-before-the-outbreak-of-war-in-iran-the-eia-has-revealed-3119709" target="_blank" rel="noopener">Source link </a></p>
<p>The post <a href="https://fastnewsglobe.com/the-world-didnt-even-realize-that-even-before-the-iran-war-china-had-started-accumulating-oil-that-too-at-a-low-price/">The world didn&#8217;t even realize that even before the Iran war, China had started accumulating oil, that too at a low price.</a> appeared first on <a href="https://fastnewsglobe.com"></a>.</p>
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