US Asks China to Release Oil Reserves as Part of Discussions on Economic Cooperation, Source Says

  • The issue of China joining the United States in releasing crude oil reserves was raised during virtual the meeting between Xi Jinping and Joe Biden
  • The Biden administration is under growing domestic pressure to consider releasing strategic oil reserves after a recent surge in US inflation

US asks China to release oil reserves as part of discussions on economic cooperation, source says | South China Morning Post (

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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