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55DOOM SCORE
China draws on large oil stockpile amid efforts to influence oil prices
China
First seen: Aug 22, 2026, 3:31 PM UTCUpdated: Aug 22, 2026, 3:31 PM UTC
WHAT HAPPENED
China has built an oil stockpile reported at 1.2 billion barrels and is now using it in efforts to influence oil prices.
SO WHAT?
Changes in Chinese oil-market behavior could affect global energy prices and supply expectations.
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