The volume of the expected Chinese release of crude oil from its state reserves will be decided according to the country's actual needs, China said on Wednesday, declining to comment if it would be releasing crude in the coordinated effort led by the United States. "The Chinese side will organise a release of crude oil from state reserves according to its own actual needs," China's foreign ministry spokesman Zhao Lijian said at a daily press conference on Wednesday, cited by Reuters.
China, the world's largest oil importer, is in communication…China Keeps Markets In The Dark About SPR Release
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