(EnergyAsia, May 31 2017, Wednesday) — China could be in line to buy up more crude oil released from the US strategic petroleum reserves (SPR) following its first purchase in February. The prospect of the US selling off more stockpiled crude to China reflects the radically different outlook on supply adopted by the world’s two largest oil-consuming countries.
CHINA: More direct crude oil purchases from US strategic petroleum reserves expected
Posted on May 31, 2017 by EnergyAsia