China adding 11 new oil reserve sites in 2025 and 2026 China, the world's largest crude oil buyer, is adding eleven new oil reserve sites this year and next as Beijing accelerates stockpiling the strategic commodity to safeguard supply security, according to public sources reviewed by Reuters. Three of the 11 sites are inland, in northern Shaanxi province and southwest Yunnan, while the rest are on the east and south coasts. The sites have a combined capacity of 26.8 million cubic meters, or about 169 million barrels, equivalent to two weeks of China's crude oil imports. By comparison, China added 180-190 million barrels of storage capacity between 2020 and 2024, data analytics firms Vortexa and Kpler estimate, respectively. (Reuters)