Daily Energy Report
China: Oil & LNG imports, US LNG & tariffs, EU sanctions on Russia, Gas IS future, NY offshore wind, Australia gas, Russia Arctic LNG 2, Namibia energy, Canada LNG, Russia/EU carbon battle, and more.
May 20, 2025
Chart of the Day
EOA: China’s Oil Imports Continued to Decline YoY
Summary
China’s crude oil imports declined year-over-year, as shown in Figure (1). Imports in the first five months of 2025 (May’s is estimated) dropped by about 420 kb/d compared to 2024, which was 252 kb/d lower than 2023. The share of imports from Russia recovered recently as the share of Saudi Arabia and its allies in the Gulf declined.