AI Data Insight
China's oil and gas extraction industry export delivery value in Q2 2026 (as of June 1) decreased by 19.6% year-on-year, narrowing significantly from the previous value of -30.3%. Although the overall export delivery value of industrial enterprises above designated size increased by 14.8% year-on-year, oil and gas extraction exports remained mired in deep recession, reflecting China's prioritization of domestic energy supply amidst Middle East geopolitical tensions and reduced crude oil imports.