AI Data Insight
According to the latest data, in early Q2 2026 (April), the year-on-year decline in the export delivery value of China's oil and natural gas extraction industry widened to 37.2%, further deteriorating from the previous observation of -20.3%. Against the backdrop of tight global energy supply caused by geopolitical conflicts in the Middle East, both domestic oil and gas ex-factory prices and value-added have climbed, highlighting that official policies have shifted to prioritize domestic energy security, thereby significantly compressing export momentum.