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27.05.2024
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China is ready to release oil from national reserves if necessary

EHKj1o1X4AAly7wChinese Foreign Ministry spokesman Zhao Ziyang said that China is ready for other measures to support the market.

The Chinese authorities can release oil from national reserves "taking into account their own needs." This was announced on Wednesday by Chinese Foreign Ministry spokesman Zhao Ziyang.
"China can release oil from national reserves, taking into account the situation in the country and its own needs," he said at a briefing.
As the Chinese diplomat clarified, Beijing is ready to take "other measures to support the market." "We will immediately inform about the adoption of such decisions," he added.
According to Zhao Lijian, the Chinese authorities are negotiating on this issue with oil-producing countries and consumer states