{"id":462010,"date":"2022-01-15T11:41:23","date_gmt":"2022-01-15T06:11:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=462010"},"modified":"2022-01-15T13:21:37","modified_gmt":"2022-01-15T07:51:37","slug":"china-agrees-with-us-to-release-oil-reserves-near-lunar-new-year-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/china-agrees-with-us-to-release-oil-reserves-near-lunar-new-year-2\/","title":{"rendered":"China agrees with US to release oil reserves near Lunar New Year"},"content":{"rendered":"<p>China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays that start on Feb. 1 as part of a plan coordinated by the United States with other major consumers to reduce global prices, sources told Reuters. <\/p>\n<p>The sources, who have knowledge of talks between the world&#8217;s top two crude consumers, said China agreed in late 2021 to release an unspecified amount of oil depending on price levels.<\/p>\n<p>&#8220;China agreed to release a relatively bigger amount if oil is above $85 a barrel, and a smaller volume if oil stays near the $75 level,&#8221; said one source, without elaborating.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays that start on Feb. 1 as part of a plan coordinated by the United States with other major consumers to reduce global prices, sources told Reuters. The sources, who have knowledge of talks between the world&#8217;s top two crude consumers, said China agreed in late 2021 to release an unspecified amount of oil depending on price levels. &#8220;China agreed to release a relatively bigger amount if oil is above $85 a barrel, and a smaller volume if oil stays near the $75 level,&#8221; said [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-462010","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=462010"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462010\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=462010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=462010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=462010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}