China agreed with the United States that he extends some of the oil from its strategic reserves at about the celebration of the Chinese New Year, which will have this year on February 1.
According to Reuters, the corresponding agreement was achieved at the end of 2021.
According to information, the volume of oil that Beijing plans to free up, is not specified, but it is known that it will depend on the level of energy prices. So, at the price of over $ 85 per barrel we are talking about the release of larger volumes, and if the oil will cost about $ 75, then the volumes will be lower.