Middle East

China to join oil reserve release ‘based on its own needs’ after US, UK, Japan, South Korea and India commit

China will join coordinated global efforts to release oil reserves “based on its own needs” with Beijing in communication with other nations who have already laid out details of their plans to tame worldwide market turbulence, the foreign ministry said on Wednesday.The United States, Britain, Japan, South Korea and India have already committed to releasing state reserves in an attempt to cool high energy prices after the issue was brought up during last week’s summit between President Xi…


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