No BS Just Facts logo
No BS Just Facts
It might be boring, but it's just the facts.

← All stories · business

Bloomberg

China’s Oil Majors Reveal a Nation Less Reliant on Imports

Friday, August 28, 2026


China's largest oil companies reported production levels in 2025 that indicate domestic output may have reached its maximum capacity. The country has increased investment in domestic exploration and alternative energy sources, including natural gas and renewables. China imported approximately 70 percent of its crude oil in 2025, according to government statistics, down from prior years as domestic production maintained output levels despite geological constraints.

Original reporting: https://www.bloomberg.com/news/newsletters/2026-08-28/china-s-oil-majors-reveal-a-nation-less-reliant-on-imports

Next story

Trump clears Supreme Court hurdle on mail ballots as states vow another fight and more top headlines