Rare Peek at China’s Emergency Oil Reserve Data Shows 22.5% Gain

  • Strategic reserves grew to 234 million barrels in early 2016
  • Second government update on strategic storage data in 9 months

China reported it added about 43 million barrels of crude to its strategic reserves between the middle of 2015 and early this year, in a rare release of such data by the world’s second-biggest oil user.

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