ceo_energemsier + 1,818 cv April 4, 2020 China to Start Buying Oil for State Reserves After Crash https://www.bloomberg.com/news/articles/2020-04-02/china-to-start-buying-oil-for-state-reserves-after-price-crash?fbclid=IwAR04YmL-SfBiYLNbeuqdJcojsNrqDiYM_aPjZagJxuxjpZnP6Jj6ds2Ndj4 Quote Share this post Link to post Share on other sites
0R0 + 6,251 April 5, 2020 This obviously means that they are done buying oil for their SPR since that is what they were doing all this time. They have as much oil as they can store and have futures bought and paid for that will fill up whatever space is left. They just need to post less collateral for the futures at higher prices so they announced what they had already done in order to raise prices so they can free up cash.. Quote Share this post Link to post Share on other sites
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