China Maneuvers Crude Reserves to Dampen Global Oil Price Spikes

Yahoo Finance reports that Beijing is leveraging its massive strategic stockpiles to offset supply shocks caused by the ongoing conflict in the Middle East. By pulling back nearly 4 million barrels per day in import demand as prices climbed, China has effectively acted as a stabi

Yahoo Finance reports that Beijing is leveraging its massive strategic stockpiles to offset supply shocks caused by the ongoing conflict in the Middle East. By pulling back nearly 4 million barrels per day in import demand as prices climbed, China has effectively acted as a stabi