Oil Price in China — Brent & WTI Crude Today
Live Brent and WTI crude oil prices with real-time charts. Track how global oil prices affect energy costs in China. China consumes approximately 16.0 million bbl/day of crude oil.
Brent Crude Oil
$75.08
USD / barrel
Updated: 2026/3/29 01:35:47
WTI Crude Oil
$69.50
USD / barrel
Updated: 2026/3/29 01:35:47
Brent–WTI Spread
$5.58
Brent $75.08 − WTI $69.50
The Brent-WTI spread reflects the price premium of Brent over WTI crude oil. A wide spread suggests tight global supply relative to US production.
Oil Market & China
China is the world's second-largest oil consumer and largest crude oil importer. With domestic production unable to meet demand, China imports over 10 million barrels per day, making Brent crude a critical pricing benchmark for its refineries.
As an oil-producing nation, China's government revenues and economic outlook are closely linked to global crude prices. OPEC+ decisions, geopolitical tensions, and demand forecasts from major consuming nations all influence the price of oil that China produces and trades.