US officials claim China is ‘hoarding’ oil. What does the data say?
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Source: South China Morning Post
Published: 2026-04-15 23:30 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Asia, Military & Defence, Iran, Energy, Economy & Finance, China, World News, Business & Economy, War & Conflict, Asia Pacific
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Snippet:
While US Treasury Secretary Scott Bessent said China is stockpiling crude amid the Iran war, the numbers suggest Beijing is facing a supply crunch
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