China benefits from the decreasing oil price since this June in - TopicsExpress

China benefits from the decreasing oil price since this June in increasing its strategic oil reserves, accumulating around 170 million barrels that is nearly 30 days of its crude imports. “The purchases were partly backed by stockpiling - they got a government mandate” said a China-based trader. Will more commercial storage facilities be built to accommodate the increasing reserve purchases? reuters/article/2014/11/27/us-china-oil-stockpiles-idUSKCN0JA0SN20141127

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