This dataset contains China Oil Database for 2002-2021. Data from Joint Organisations Data Initiative. Follow datasource.kapsarc.org for timely data to advance energy economics research.

China Import Price: Crude Oil data was reported at 550.354 USD/Ton in Mar 2025. This records a decrease from the previous number of 565.521 USD/Ton for Feb 2025. China Import Price: Crude Oil data is updated monthly, averaging 391.538 USD/Ton from Jan 1993 (Median) to Mar 2025, with 387 observations. The data reached an all-time high of 948.796 USD/Ton in Aug 2008 and a record low of 88.470 USD/Ton in Jan 1999. China Import Price: Crude Oil data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price. [COVID-19-IMPACT]

The average diesel oil price in China amounted to ***** yuan per metric ton as of November 11, 2025. During 2024, diesel fuel prices in China ranged between around ***** yuan per metric ton in September and ***** yuan per metric ton in April.

China Import Price: Crude Oil: Africa: South Sudan data was reported at 534.950 USD/Ton in Mar 2025. This records a decrease from the previous number of 630.569 USD/Ton for Oct 2024. China Import Price: Crude Oil: Africa: South Sudan data is updated monthly, averaging 460.273 USD/Ton from Jun 2012 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 5,675.556 USD/Ton in Jun 2012 and a record low of 173.482 USD/Ton in Feb 2016. China Import Price: Crude Oil: Africa: South Sudan data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

China Import Price: Crude Oil: North America: Canada data was reported at 491.111 USD/Ton in Mar 2025. This records a decrease from the previous number of 502.688 USD/Ton for Feb 2025. China Import Price: Crude Oil: North America: Canada data is updated monthly, averaging 496.292 USD/Ton from May 2008 (Median) to Mar 2025, with 132 observations. The data reached an all-time high of 40,000.000 USD/Ton in Nov 2017 and a record low of 198.927 USD/Ton in Apr 2020. China Import Price: Crude Oil: North America: Canada data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

In February 2025, the average crude oil import price amounted to $566 per ton, growing by 4% against the previous month.

Gasoline Prices in China decreased to 0.81 USD/Liter in November from 0.83 USD/Liter in October of 2025. This dataset provides the latest reported value for - China Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on December of 2025.

In 2024, China imported crude oil to the value of approximately ***** billion U.S. dollars. This was the third highest value of crude oil imports in the period of consideration.

China Import Price: Crude Oil: Asia: Thailand data was reported at 564.825 USD/Ton in Oct 2024. This records a decrease from the previous number of 652.927 USD/Ton for Aug 2024. China Import Price: Crude Oil: Asia: Thailand data is updated monthly, averaging 563.781 USD/Ton from Jan 2008 (Median) to Oct 2024, with 132 observations. The data reached an all-time high of 40,000.000 USD/Ton in Oct 2009 and a record low of 136.577 USD/Ton in May 2020. China Import Price: Crude Oil: Asia: Thailand data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

China’s crude oil import has increased sharply since 2002. Its expenditure on oil import now accounts for around 10% of its total commodity import. Thus, there is potential imported inflation or deflation due to oil price fluctuations and China’s central bank may respond to it. We quantitatively analyze the impact of oil prices on China’s benchmark interest rate and monetary supply by a 6-variable structural vector auto-regression model. We draw that: 1) In response to an increase of oil price, China’s central bank generally upgrades interest rate. If oil price rises by 10 US dollars, the 6-month lending base rate will increase by around 0.13 percentage point in 3 months. 2) The effects of price shocks deepen after the oil pricing reform, and specifically, it can explain 19.8% of the variations in monetary policies in one year after October 2008, compared with the 0.83% before October 2001.

China Import Price: Crude Oil: Asia: Malaysia data was reported at 515.052 USD/Ton in Mar 2025. This records a decrease from the previous number of 549.628 USD/Ton for Feb 2025. China Import Price: Crude Oil: Asia: Malaysia data is updated monthly, averaging 527.328 USD/Ton from Jan 2008 (Median) to Mar 2025, with 173 observations. The data reached an all-time high of 1,024.644 USD/Ton in Aug 2008 and a record low of 154.963 USD/Ton in May 2020. China Import Price: Crude Oil: Asia: Malaysia data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

As of August 2025, the average annual price of Brent crude oil stood at 71.3 U.S. dollars per barrel. This is over nine U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility, such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

China Import Price: Crude Oil: Asia: Kuwait data was reported at 576.311 USD/Ton in Mar 2025. This records a decrease from the previous number of 590.343 USD/Ton for Feb 2025. China Import Price: Crude Oil: Asia: Kuwait data is updated monthly, averaging 562.869 USD/Ton from Jan 2008 (Median) to Mar 2025, with 207 observations. The data reached an all-time high of 957.101 USD/Ton in Aug 2008 and a record low of 174.867 USD/Ton in May 2020. China Import Price: Crude Oil: Asia: Kuwait data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

China Import Price: Crude Oil: Latin America: Ecuador data was reported at 492.604 USD/Ton in Mar 2025. This records a decrease from the previous number of 518.424 USD/Ton for Feb 2025. China Import Price: Crude Oil: Latin America: Ecuador data is updated monthly, averaging 485.041 USD/Ton from Mar 2008 (Median) to Mar 2025, with 149 observations. The data reached an all-time high of 866.844 USD/Ton in Aug 2008 and a record low of 196.097 USD/Ton in Apr 2020. China Import Price: Crude Oil: Latin America: Ecuador data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

The average retail price of gasoline (RON 95) in China's capital Beijing amounted to **** yuan per liter as of November 10, 2025. Petrol prices do not vary significantly between different regions in China.

Groundnut Oil Price in China - 2023. Find the latest marketing data on the IndexBox platform.

This study investigates the impact of oil price uncertainty (OPU) on corporate profitability in China, the world’s largest crude oil consumer. Most importantly, we examine how the Chinese government’s oil price reform affects this relationship. Using the yearly data of Chinese-listed companies, we find that the uncertainty of oil prices negatively affects corporate profitability but positively impacts operating expenses from 2007 to 2020. This finding holds after robust tests, including alternative profitability metrics and endogeneity model. Most interestingly, implementing the 2013 market-oriented oil pricing reform amplifies the adverse impact of OPU on corporate profitability owing to increased operating costs in the post-2013 period. Moreover, the detrimental effect of uncertain oil prices on corporate profitability is less prominent for large-capitalized companies. This research adds to the body of knowledge on the factors affecting corporate profitability by highlighting the volatility effect of oil prices and government pricing mechanisms. The results offer grounds for legislators and corporate managers to consider how to control the uncertainty surrounding oil price matters to ensure stable corporate profitability.

The China oil and gas upstream industry, a cornerstone of the nation's energy security, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 3.00% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, China's continuously increasing energy demand, driven by its rapidly developing economy and expanding industrial sector, necessitates a consistent rise in domestic oil and gas production. Secondly, government initiatives promoting energy independence and diversification away from reliance on foreign sources are incentivizing significant investments in exploration and production activities. Technological advancements in enhanced oil recovery (EOR) techniques and exploration in unconventional resources, such as shale gas, further contribute to production growth. However, challenges remain. Stringent environmental regulations aimed at minimizing the industry's carbon footprint require considerable investment in cleaner technologies and sustainable practices. Furthermore, geopolitical factors and global oil price volatility can impact investment decisions and overall market stability. The onshore segment is expected to dominate due to existing infrastructure and easier access, while the offshore segment will witness gradual growth fueled by technological advancements and exploration in deeper waters. Major players like China National Petroleum Corporation (CNPC), Sinopec, and CNOOC will continue to shape the market dynamics, leveraging their extensive experience and resources. Competition from international players like ExxonMobil and Chevron will also remain significant. The market's segmentation reveals a dynamic interplay between onshore and offshore operations. While onshore activities form a larger portion of current production, significant investment is flowing into offshore exploration and production, particularly in the South China Sea. This offshore expansion is driven by the potential for large reserves and improved technological capabilities. The forecast period of 2025-2033 indicates continued growth, albeit at a potentially moderating pace as the market matures and faces the aforementioned challenges. The interplay of government policies, technological advancements, and global market conditions will ultimately define the trajectory of the China oil and gas upstream industry over the coming decade. A deeper dive into regional variations within China, considering factors like geological formations and infrastructure development, will be crucial for a more granular understanding of future growth prospects. Analyzing the specific technological breakthroughs and their adoption rates will also provide a more precise forecast. Recent developments include: In January 2022, Sinopec discovered a new oil and gas area with approximately 100 million tons of reserves in the Tarim Basin of northwest China's Xinjiang Uygur Autonomous Region. These latest reserves in Sinopec's Shunbei oil and gas field are estimated to provide 88 million tons of condensate oil and 290 billion cubic meters of natural gas., In June 2021, China National Petroleum Corporation (CNPC) announced the discovery of a new 1-billion-ton super-deep oil and gas area in the Tarim Basin in Northwest China's Xinjiang Uygur Autonomous Region. The discovered well is located in the Fuman Oilfield area, the main block for crude oil production in the Tarim Oilfield. Its drilling depth reached 8,470 meters, and the height of the test oil column hit 550 meters., In August 2021, PetroChina announced a massive shale oil discovery at the Gulong prospect in the area of the mature Daqing oilfield in northern China's Songliao Basin. The company detected 1.268 billion tons of oil in place (9.3 billion barrels).. Notable trends are: Offshore Segment to Dominate the Market.

China Imports from Russia of Crude Oil was US$62.59 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Imports from Russia of Crude Oil - data, historical chart and statistics - was last updated on December of 2025.