China is joining the US and other countries in tapping emergency oil reserves

China is joining the US and other countries in tapping emergency oil reserves

The White House announced Tuesday that the United States would release about 50 million barrels from its Strategic Petroleum Reserve, and that China, Japan, India, South Korea and the United Kingdom would participate in the coordinated move. According to the International Energy Agency, which monitors global oil supplies on behalf of the world’s leading economies, … Read more