While the low crude oil prices are expected to incentivize crude stockbuild (in China), stockpiling activities at the SPRs this year will remain constrained by available spare capacity, however, in anticipation of the start-up of another SPR site this year, crude imports could pick up later this year.

Wendy Yong

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Despite a slowing Chinese economy, crude imports remain robust on the back of accelerated stockpiling activities into operating and commercial storage.

energy

Moving into 2016, crude imports are expected to pick up with the commissioning of a few major SPRs, though overall growth could ease to 5 percent from a stronger base amidst softer growth pace in crude runs.

energy