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China so far non-committal to Washington's oil release, OPEC+ unmoved

US plans to release millions of barrels of oil from strategic reserves in coordination with other large consuming nations, including China, Japan and India.

Topics
Crude Oil Price | OPEC output | fuel imports

Reuters 



An upsurge in demand in the past quarter led to the biggest draw on oil products stocks in eight years, the IEA said, while storage levels in OECD countries were at their lowest since early 2015
An upsurge in demand in the past quarter led to the biggest draw on oil products stocks in eight years, the IEA said, while storage levels in OECD countries were at their lowest since early 2015

China, the world's largest crude importer, was non-committal about its intentions to release oil from its reserves as requested by the United States, while OPEC producers were not considering changing tactics in light of the U.S. action, according to three sources in the group.

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First Published: Thu, November 25 2021. 06:33 IST

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