China's Oil Reserves Pose Risk of China-Driven Oil Prices for India

Beijing’s billion-barrel weapon: Why India must prepare for China-driven oil prices

China has accumulated as much as 1.4 billion barrels in strategic and enterprise-controlled inventories, according to a new RAND study. That is more than three times the roughly 413 million barrels held in the US government’s Strategic Petroleum Reserve.

By SMRITI JAIN