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

Topic |   US-China relations
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
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