China releases strategic reserves for the first time as crude imports drop

The world largest energy consumer starts rotating national crude reserves by releasing them in batches

Releasing reserves: a worker walks past tanks at a Petrochina storage base in Suining, in south-west China's Sichuan province — Releasing reserves: a worker walks past tanks at a Petrochina storage base in Suining, in south-west China's Sichuan provincePhoto: AP/SCANPIX

Xu Yihe

Singapore

China Strategic Reserves Administration SPR Sinopec PetroChina

Published 10 September 2021, 01:46Updated 10 September 2021, 01:46