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The chart shows that China’s strategic petroleum reserves are astonishing in scale, with a total that exceeds the combined total of the United States, Japan, and all of Western Europe.
Many people’s impression of the U.S. strategic petroleum reserves still lingers in the past. In the chart, the U.S. reserve is 4.13 hundred million barrels, which is still large, but it is no longer on the same scale as China’s. This also indicates that in the global energy security landscape, China’s stockpiling capacity has become a factor that cannot be ignored. $XTIUSD