China

How rising oil prices could open rare window of cooperation between the US and China



China is expected to join a US-led tug of war with oil producers in a rare example of cooperation between the two countries.The political impact of rising energy costs and inflation has prompted US President Joe Biden to reach out to other countries to coordinate a release of strategic reserves.China calls for ‘coordinated action’ to tackle global energy crunchBiden announced last month that the US would start releasing 50 million barrels from its Strategic Petroleum Reserve next month, with…



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