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NewsDesk MC March 20, 2026March 20, 2026 china, CNOOC, cnpc, crudeoil, DaqingOilField, energypolicy, energysecurity, Geopolitics, globalenergy, imports, industrialdemand, iraq, MiddleEast, offshoredrilling, oilmarkets, oilproduction, productionplateau, SaudiArabia, shaleoil, tertiaryrecovery, ZhuWeilin

China oil output peaks near limits despite record gains

Beijing— China has reached near the limits of its domestic oil production capacity after hitting a record high in 2025,