China's massive crude oil stockpile offsets Middle East war shock
Statements (6)
- Neutral
China's massive strategic crude stockpile helped offset the shock by sharply reducing imports
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China has over a billion barrels in estimated oil inventories before the Middle East war started
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China has over a billion barrels in estimated oil inventories before the Middle East war started.
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China is injecting petroleum from a strategic supply into the market
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China's Sinopec has identified major reserves in ultra-deep shale gas
- Neutral
China has amassed the world's largest stockpile of crude oil.