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China so far non-committal to Washington’s oil release, OPEC+ unmoved

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Reuters

By Yew Lun Tian and Noah Browning BEIJING/LONDON/WASHINGTON (Reuters) – China, the world’s largest crude importer, was non-committal about its intentions to release oil from its reserves per a request from the United States, while OPEC producers were not considering changing tactics in light of the U.S. action, according to three sources in the group. On Tuesday, U.S. President Joe Biden’s administration announced plans to release millions of barrels of oil from strategic reserves in coordination with other large consuming nations, including China, Japan and India, to try to cool prices. Retai…

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