China's state-run refiners plan months-long oil stockpile replenishment

China: China is a major global power and the world's largest oil importer, with its state-owned refiners playing a central role in managing strategic petroleum reserves to ensure energy security. In the context of this news, the country's refiners are preparing to replenish stockpiles over several months after drawing down reserves to offset elevated prices caused by the US-Iran war. Eurasia Group: Eurasia Group is a leading independent political risk research and consulting firm that provides analysis on global geopolitical developments and their economic impacts. In this news, the firm has assessed and reported that China's state-run refiners will undertake an extended restocking effort following reserve draws tied to the US-Iran conflict. Geopolitics: The US-Iran war has driven higher global oil prices, leading Chinese refiners to tap reserves as a buffer. Energy Supply: China's state-run refiners are shifting from reserve drawdowns to a prolonged period of stockpile replenishment.