China aggressively selling oil from strategic reserves

China "Aggressively" Selling Oil In Recent Weeks

China "Aggressively" Selling Oil In Recent Weeks We knew there was a reason why China had accumulated a cool 1.5 billion barrels in its strategic petroleum reserve: the reason, to become the world's strategist petroleum reserve when the time arises... for a price of course. According to the chief executive officer of commodity trader Mercuria, Chinese oil companies have been aggressive sellers in recent weeks, selling barrels to several nations in tenders. “What has been happeni...

By Tyler Durden