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China Releases Strategic Oil Reserves Following US Invite visiontimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visiontimes.com Daily Mail and Mail on Sunday newspapers.
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. ....
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. ....
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. ....