Ultimately, the U.S. can learn something about how to handle their strategic reserves from China, says Antoine Halff, non-resident fellow at Columbia University and an expert on oil markets.
China, which has the largest oil stockpiles in the world, has dipped into its reserves since the Iran war began in February, Halff says. But China is drawing from it less because of the nation's growing fleet of electric cars, trucks and scooters. Electric transport is already displacing demand for at least 1.5 million barrels of oil a day in China, according to the International Energy Agency.
"To manage market disruption risks, China shows it pays to have a multi-pronged approach," Halff says in an email…
https://www.npr.org/2026/09/25/nx-s1-5965797/strategic-petroleum-reserve-low-level-venezuela
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