China Drains Oil Inventories to Neutralize Middle East Supply Risks

China Drains Oil Inventories to Neutralize Middle East Supply Risks

According to reporting from Yahoo Finance, Chinese refiners avoided high crude prices by tapping into massive domestic stockpiles during recent Middle Eastern instability. This tactical shift allowed the nation to slash seaborne imports to nearly decade-long lows while maintainin

According to reporting from Yahoo Finance, Chinese refiners avoided high crude prices by tapping into massive domestic stockpiles during recent Middle Eastern instability. This tactical shift allowed the nation to slash seaborne imports to nearly decade-long lows while maintainin