(EnergyAsia, December 19, Friday) — Local analysts are calling for the Chinese government to quickly to fill up the country’s strategic petroleum reserves (SPRs) as quickly possible to take advantage of current low oil prices. Oil has plummeted from a US$147 per barrel peak in July to just above US$50 per barrel. China’s state and…
CHINA: Amid plunging oil prices, calls for faster buildup of stockpile
Posted on December 18, 2008 by EnergyAsia