SunSirs: China Bohai Oilfield Achieves Record High of Oil and Gas Production
December 22 2025 15:43:29 SunSirs (Selena)
China National Offshore Oil Corporation announced on the 21st that the Bohai Oilfield, the largest offshore oil field in China, will produce over 40 million tons of oil and gas equivalent in 2025, setting a new historical high and providing solid guarantees for national energy security and high-quality economic and social development.
The production of Bohai Oilfield has exceeded 40 million tons of oil and gas equivalent, setting a new historical high and significantly increasing crude oil supply, posing significant downward pressure on spot prices. The expectation of oversupply strengthens the bearish sentiment in the market, which may lead to a downward pressure on spot prices.
The production of Bohai Oilfield has reached a new high, increasing the supply of natural gas, which has a significant negative impact on spot prices. The increase in supply may alleviate market tension, drive down spot prices, and strengthen bearish trends.
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