China's energy supply remains stable and orderly

Since the beginning of this year, affected by geopolitical conflicts, international energy prices have fluctuated significantly, with some countries seeing rising fuel prices and tight supply. In contrast, our country's energy supply has remained generally stable and orderly, demonstrating strong resilience. Industry insiders said this resilience mainly comes from three aspects: first, oil and gas import channels are relatively diversified, and companies have sufficient inventories, which can cushion shortterm shocks; second, China has established a certain scale of strategic petroleum reserves, helping stabilize market expectations; third, energy supply relies more on domestic sources, with the energy selfsufficiency rate remaining at a relatively high level over the long term. Installed capacity and power generation share of renewable energy have continued to rise, providing support for energy security. The article also noted that domestic gasoline and diesel prices have been cut for the second time this year, indicating that related policies have to some extent eased the impact brought by rising international oil prices. As for whether jet fuel prices will be adjusted, industry insiders said it still needs to be observed in light of the pricing cycle and market supplydemand conditions.