中国正在大量囤油，一度吞掉世界9成囤量，要有什么大事发生？

Core Insights - China's significant oil procurement strategy has garnered global attention, with daily imports exceeding 10 million barrels, absorbing 90% of the world's new inventory, indicating a strategic move rather than a short-term market play [1][9] - The country's oil import volume from January to September reached 423 million tons, a year-on-year increase of 2.7%, with a daily average surpassing 11 million barrels, exceeding Saudi Arabia's daily production [1][3] Strategic Considerations - The legal framework, particularly the implementation of the Energy Law on January 1, 2025, mandates energy reserve obligations for both the state and enterprises, reinforcing the necessity for expanded reserves [3][5] - Geopolitical risks, including instability in the Black Sea and the Middle East, necessitate the construction of a safety net for energy supply, as a significant portion of China's oil imports come from Russia and Iran, highlighting supply chain vulnerabilities [5][7] - The increase in oil reserve days from 110 to 180 days enhances energy supply stability, ensuring that China can maintain energy security even in the face of global supply disruptions [7][9] Market Impact - China's stable procurement has acted as a stabilizing force in the global oil market, with decisive purchases during price dips preventing excessive market volatility and maintaining oil prices around $65 per barrel [9][11] - The ongoing oil storage strategy is reshaping the global supply-demand landscape, as China's sustained purchasing boosts production willingness among oil-exporting countries, thereby enhancing overall market stability [9][12] Long-term Strategy - The "oil hoarding trend" reflects a proactive strategic layout aimed at securing energy supply and enhancing infrastructure, ensuring that China retains control over its development trajectory [11][12]