China may need to double the size of its Strategic Petroleum Reserve (SPR) to keep pace with demand, a top analyst has predicted.
“While crude imports are likely to slow in 2019, China still needs to double the size of the SPR to 1,085m by 2025 to meet the 90 day import requirement which implies high single digit growth in crude imports,” according to Bernstein senior oil and gas analyst Neil Beveridge.
