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China's growing oil stockpile

The Washington Post has an article on China's strategic oil reserve - China may be stockpiling more oil than anyone realized. One of the mysteries of the oil market is the question of how much crude oil China has squirreled away in commercial and strategic stockpiles. Now a satellite-imaging firm called Orbital Insight claims to have an answer. It says Chinese inventories in May stood at 600 million barrels, substantially more than commonly thought and nearly as much as the U.
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