BIG CHINESE TECH FIRMS RUSH TO SECURE ORDERS FOR HUAWEI CHIPS AFTER DEEPSEEK PREVIEW - SOURCES SCRAMBLE FOLLOWS RELEASE OF DEEPSEEK V4 MODEL USING HUAWEI CHIPS

燃油主力合约日内涨幅达2.00%，现报4331.00元/吨。

China’s crude oil output reached 2.16 billion tons in 2025, a record high, according to the Ministry of Natural Resources. During the 14th Five-Year Plan period, annual crude production remained above 2 billion tons. Natural gas output exceeded 260 billion cubic meters, marking nine consecutive years of annual increases of more than 10 billion cubic meters. Shale oil production surpassed 8.5 million tons, while shale gas remained above 27 billion cubic meters. Total oil and gas output reached 4.2 billion tons of oil equivalent, according to ministry data.