POWELL: WE'VE HAD TO GO TO COURT TO DEFEND IT

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.

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