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China Releases Strategic Oil Reserves Following US Invite

China Releases Strategic Oil Reserves Following US Invite
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Statement on oil product reserves pushes crude prices lower

BEIJING: China said it was releasing gasoline and diesel reserves to boost market supply and stabilise prices in some regions, a public statement of such rarity that analysts said it was enough to push oil prices lower.

China taps oil reserve, refiners ramp up output to stave off diesel shortage

International crude benchmarks slipped on Monday but recovered following China's weekend statement that it would tap its state fuel reserve while national refiners ramp up output sharply to avert a diesel shortage in the world's second-largest oil user.

China Releases Fuel From Reserve To Stop Price Spike

China has released gasoline and diesel from its fuel reserve to arrest a price climb that has increased volatility in some parts of the country

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