alt Hacker News> China has planned for and is insulated from petroleum supply chain disruption
Planned for, yes. Insulated, no. China remains the world's largest importer of crude [1].
[1] https://www.worldstopexports.com/crude-oil-imports-by-countr...
> China has planned for and is insulated from petroleum supply chain disruption
Planned for, yes. Insulated, no. China remains the world's largest importer of crude [1].
[1] https://www.worldstopexports.com/crude-oil-imports-by-countr...
Indeed, imports are for filling their ~1.3B barrel strategic reserve at favorable sanctioned priced imports.
https://www.reuters.com/business/energy/china-targets-steady...
https://en.wikipedia.org/wiki/Strategic_petroleum_reserve_(C...