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Tag: oil reserve

Oil Prices Fall 3% in Global Trade as US, China Adjust for Impact of Ukraine War
As Russia’s invasion of Ukraine continues into its second month, oil prices edged lower this week after Moscow said it would reduce military operations near the capital of Ukraine and signaled willingness in considering a...
China Oil Reserve Release
China Releases Strategic Oil Reserves Following US Invite
Oil prices have soared by over 50 percent in the U.S following the COVID-19 pandemic. Now the Chinese government has agreed to release strategic oil reserves following a virtual meeting between U.S President Joe Biden...