Thursday, September 18, 2025

Crude Oil Prices on the Decline After China Releases Fuel Reserves to Boost Domestic Supply

Crude oil prices briefly receded from their multi-year highs on Monday, after China’s government released fuel reserves in an effort to tame prices and increase its domestic supply.

US benchmark WTI futures were down nearly 0.5% on Monday morning, while Brent crude futures slid around 0.4% before paring back losses, as China’s National Food and Strategic Reserves Administration declared it boosted diesel and gasoline reserves on Sunday.

Crude prices have remained relatively tame over the past several days, ahead of OPEC’s scheduled November 4 meeting. However, as widely expected, members will likely only solidify their decision to maintain output at a previously-decided increase of 400,000 barrels per day, despite a growing global demand for energy as economies recover from the Covid-19 pandemic.

Meanwhile, at the G20 Summit on Saturday, US President Joe Biden urged major oil producing nations to boost output in an effort to aid the global pandemic recovery and reign in surging gasoline prices. Despite Washington’s efforts, though, OPEC has thus far remained reluctant to raise its production capabilities beyond the cartel’s scheduled output increases.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Probe Calls On Chinese Interference In Canadian Elections Intensify After Trudeau Refuses Inquiry

Voices calling for a federal inquiry on the Chinese interference in Canadian elections have been...

Monday, February 27, 2023, 03:44:00 PM

China Faces Widespread Electricity Blackouts as Surging Coal Costs Create Supply Shortages

Just as we thought things couldn’t get worse for the world’s second largest economy— along...

Tuesday, September 28, 2021, 02:37:00 PM

Critical Minerals Strategy Key to US Military Readiness, Pentagon Says

The Department of Defense is intensifying efforts to secure critical minerals essential for military systems,...

Monday, January 13, 2025, 10:14:00 AM

Crude Prices Surge to $110; Natural Gas Price Hits Record-High

It’s been another wild day for commodity markets, as broadening Western sanctions over Russia’s invasion...

Wednesday, March 2, 2022, 04:22:00 PM

Caught Between a Rock and a Hard Place: India Mulls Importing Russian Gas Despite Ukraine Crisis

As the list of countries denouncing Russian President Vladimir Putin’s military mission in Ukraine continues...

Tuesday, March 15, 2022, 03:41:00 PM