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China holds 1.4 billion barrels in oil reserves, dwarfing US stockpile: RAND

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China has accumulated up to 1.4 billion barrels of oil across its strategic and enterprise-controlled inventories, according to a new study by the RAND Corporation. This figure is more than three times the approximately 413 million barrels stored in the United States government's Strategic Petroleum Reserve. The scale of China's stockpile gives it significant potential influence over global oil markets and pricing. Analysts suggest India, as a major oil-importing nation, may need to reassess its energy security strategy in light of China's growing petroleum reserves.

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China holds 1.4 billion barrels in oil reserves, dwarfing US stockpile: RAND · ShortSingh