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China’s Secret Oil Stockpiles Exposed In New Satellite Images

Winter energy prices are likely to rise, but not because of this week’s decision by OPEC. Instead, energy traders say, look to China. Earlier this week, OPEC—14 nations representing just under half of the world’s oil production—reached a gentlemen’s agreement of sorts to trim crude oil production by 700,000 barrels a day from more than 33 million barrels a day sometime later this year.
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