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China Onshore Crude Inventories Unchanged

OIL

China’s overall onshore crude oil inventories are holding steady at 968mbbls on 5 Jan according to Ursa Space Systems.

  • Inventory levels have recently held between 964m-974mbbls but are up from 927mbbls a year ago.
  • Stockpiles reached a peak in June at 997mbbls before falling to 924mbbls on 3 Nov and then rising to 974mbbls on 1 Dec.

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