NEW YORK, Jan 14 — China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays as part of a plan coordinated by the United States with other major consumers to reduce global prices, sources told Reuters.
“China agreed to release a relatively bigger amount if oil is above US$85 a barrel, and a smaller volume if oil stays near US$75 level,” said one source, without elaborating. China’s National Food and Strategic Reserves Administration did not immediately respond to a request for comment. Biden and top aides discussed the possibility of a coordinated release of crude stocks with close allies including Japan, South Korea and India, as well as with China.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sri Lanka rules out IMF bailout, seeks new China loan | New Straits TimesCOLOMBO: Sri Lanka ruled out an IMF bailout on Wednesday and said it plans to seek another loan from China to address an economic crisis that has led to food and fuel shortages. Will look to see this benefit
Source: NST_Online - 🏆 17. / 53 Read more »
Sri Lanka rules out IMF bailout, seeks new China loan | Malay MailCOLOMBO, Jan 12 — Sri Lanka ruled out an IMF bailout today and said it plans to seek another loan from China to address an economic crisis that has led to food and fuel shortages. The island’s tourism-dependent economy has been battered by the pandemic, with supermarkets rationing goods and...
Source: malaymail - 🏆 1. / 86 Read more »
MIDA: Malaysia's approved investments in 2021 to surpass 3-year feat | New Straits TimesKUALA LUMPUR: Malaysia is expected to post a strong number for its approved investments for the year 2021, which will be announced on March 8, surpassing the performance of the past three years, said the Malaysian Investment Development Authority (MIDA).
Source: NST_Online - 🏆 17. / 53 Read more »
Spinal deformities among children increasing by about 300,000 annually in China | New Straits TimesNSTregion Scoliosis has become the third major disease endangering the health of Chinese children and adolescents following obesity and myopia. China Children Spinal Scoliosis
Source: NST_Online - 🏆 17. / 53 Read more »
China resumes import of fresh fruits from Vietnam | New Straits TimesNSTregion The import ban was first imposed in mid-July after Yunnan detected Covid-19 on packages and trucks carrying dragon fruits from Vietnam. Vietnam China Fruits Covid19
Source: NST_Online - 🏆 17. / 53 Read more »
2022 will be Malaysia's year of recovery, says Muhyiddin | New Straits TimesKUALA LUMPUR: Malaysia is set to recover from the multiple crises it had been facing since 2020 by employing various cutting-edge strategies in rebuilding the nation, said National Recovery Council (NRC) chairman Tan Sri Muhyiddin Yassin. 😂😂 Of course the only thing being talked is “recovery”.
Source: NST_Online - 🏆 17. / 53 Read more »