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2025 Government Report: China Built Crude Oil Reserves Over Three Times Larger Than U.S.Semafor
world12 days agoDeveloping

2025 Government Report: China Built Crude Oil Reserves Over Three Times Larger Than U.S.

China amassed more than three times the crude oil reserves of the United States in 2025, according to a new U.S. government report. The stockpiling surge provided Beijing with a buffer amid energy disruptions from the Iran war. Analysts attributed the increase to low oil prices a…

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