Current SNP Stock Info

China has been stockpiling cheap oil, but may be running out of room
China’s commercial and strategic oil storage is almost full, a Sinopec (ticker: SNP) trading executive said. The executive asked not to be named despite speaking to reporters at an industry event, reports Reuters.

China has nearly filled its strategic petroleum reserves (SPR), one of the main drivers of Asian demand since August of last year, with the nation’s importers buying cheap crude to fill oil tanks despite slowing economic growth. With storage capacities approachin...


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