China’s Foreign Ministry: volume of SPR release will be according to China’s needs Foreign Ministry declined to comment on whether the release was a coordinated effort with the U.S. The volume of the expected Chinese release of crude oil from its state reserves will be decided according to the country’s actual needs, China said on Wednesday, declining to comment if it would be releasing crude in the coordinated effort led by the United States. “The Chinese side will organise a release of crude oil from state reserves according to its own actual needs,” China’s foreign ministry spokesman Zhao Lijian said at a daily press conference on Wednesday, cited by Reuters . China, the world’s largest oil importer, is in communication with both oil-producing and oil-consuming nations, the spokesman added. Yet he declined to comment on the U.S. push for major oil consumers—including China—to release crude from their reserves in […]