China joins coordinated move to release oil reserves and lower global oil prices

02:04

China joins coordinated move to release oil reserves and lower global oil prices

China to join oil reserve release ‘based on its own needs’ after US, UK, Japan, South Korea and India commit

  • China’s second release from its state oil reserves in two months could amount to 7.38 million barrels following a 50 million barrel commitment from US President Joe Biden
  • Britain, Japan, South Korea and India have also already committed to releasing state reserves in an attempt to cool high energy prices

Topic |   US-China relations
China joins coordinated move to release oil reserves and lower global oil prices

02:04

China joins coordinated move to release oil reserves and lower global oil prices

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