China's Oil Stockpile: Enough to Beat the Oversupply?
Update: 2025-09-12
Description
Is China's oil stockpiling enough to save crude prices? China's massive oil buying spree, adding half a million barrels daily to reserves, may not be enough to offset a looming global oversupply. Experts predict a potential price drop to the low $50s despite China's efforts, as OPEC Plus production hikes and slower global demand threaten to flood the market with two million extra barrels per day.
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