China's strategic oil reserves soar as coronavirus eats into consumption

As stockpiling continues, China is about to fill SPR tanks to the brim and further storage capacity building is on the way.

China reserves: oil tanks are seen at an oil warehouse at Yangshan port in Shanghai, China
China reserves: oil tanks are seen at an oil warehouse at Yangshan port in Shanghai, ChinaPhoto: REUTERS/SCANPIX
Published 7 April 2020, 07:20Updated 7 April 2020, 07:20