China Barred From Buying US Oil Reserves in Funding Bill
A contractor works on crude oil pipelines at the US Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas.
Photographer: Luke Sharrett/Bloomberg
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China would be barred from buying oil from the US’s emergency stockpiles under a provision included in must-pass government funding legislation unveiled Sunday.
Republican critics have sought to bar the sale of oil from the Strategic Petroleum Reserve to China, after nearly 1 million barrels released from the oil reserve in 2022 were sold to Unipec America Inc., a Houston-based subsidiary of China-owned Sinopec Corp.