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Crude oil production has been stable at more than 200 million tons for two consecutive years. In 2023, under the guidance of the clear requirement of the report of the 20th National Congress of the Communist Party of China to “increase the intensity of oil and gas resource exploration and development and increase reserves and production”, the whole industry has unswervingly increased the intensity of oil and gas exploration and development and increased reserves and production, accelerated the green and low-carbon transformation, and ensured sustainable development with a high level of storage and extraction balance.

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Analysis of China’s Oil Market

  • 章节

  • 发表日期：

    2026年

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  • Xingkun Qian,
  • Ruquan Lu,
  • Liangcai Luo,
  • Mouyuan Wu,
  • Qin Liao

摘要

Crude oil production has been stable at more than 200 million tons for two consecutive years. In 2023, under the guidance of the clear requirement of the report of the 20th National Congress of the Communist Party of China to “increase the intensity of oil and gas resource exploration and development and increase reserves and production”, the whole industry has unswervingly increased the intensity of oil and gas exploration and development and increased reserves and production, accelerated the green and low-carbon transformation, and ensured sustainable development with a high level of storage and extraction balance.