The issue of China joining the United States in releasing crude oil reserves was raised during virtual the meeting between Xi Jinping and Joe Biden. Photo: Reuters
The issue of China joining the United States in releasing crude oil reserves was raised during virtual the meeting between Xi Jinping and Joe Biden. Photo: Reuters

Explainer |
How big are China’s crude oil reserves and how do they compare to the US’ SPR?

  • The US asked China to release crude oil reserves to help stabilise soaring international prices as part of ongoing discussions on economic cooperation
  • The issue was raised during the virtual meeting between Chinese President Xi Jinping and US President Joe Biden at the end of November

The issue of China joining the United States in releasing crude oil reserves was raised during virtual the meeting between Xi Jinping and Joe Biden. Photo: Reuters
The issue of China joining the United States in releasing crude oil reserves was raised during virtual the meeting between Xi Jinping and Joe Biden. Photo: Reuters
READ FULL ARTICLE