China and Saudi Arabia: Interesting SPR Team Up?

MarketWatch – A deal between the globe’s most populous nation and the biggest oil producer in the world may hold significant consequences for oil prices, but experts disagree on exactly what that outcome might be.

China and Saudi Arabia are reportedly discussing an agreement to import oil from Saudi Arabia to fill China’s strategic oil reserves.

The goal was to have about 800 million barrels in the reserve, said Phil Flynn, a senior analyst at Alaron Trading, who cited comments from China’s Finance Minister Jin Renqing last year.
MarketWatch