Sep 30

Satellite Imagery Reveals China’s Strategic Petroleum Reserve Is Vastly Greater Than Disclosed:

According to satellite images by geospatial analytics startup Orbital Insight, China, has not only misrepresented how much oil it has stored, it has done so at a massive scale, with the real number dwarfing even JPM own estimate: the real amount of Chinese oil in storage, according to Orbital, was a whopping 600 million barrels as of May, a number which may have risen to well over 700 million barrels as of September.

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