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kingjimmyyesterday at 10:17 PM2 repliesview on HN

Are emergency stockpiles calculated correctly? China should not be the first to be exposed.


Replies

repeekadyesterday at 10:39 PM

China hides its stockpile numbers, and estimates are only what we can see. After buying loads of sanctioned oil for stockpiles, they are perfectly positioned to take advantage of trumps blunders in the straight and likely will get to set the price of oil if they aren’t already..

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eliothoyesterday at 10:18 PM

For the importer nodes those are IEA mandates. In the specific China case, the UN Comtrade data doesn't report sanctioned oil (Iran)