News Snapshot:
China Says No Immediate Plans to Intervene as Oil Soars China has no immediate plans to intervene in oil markets as prices soared to highest level since 2014, a spokesperson for the country’s foreign ministry said on Thursday. When asked if China would be willing to release oil from its strategic reserves should the U.S. seek more coordinated sales to quell prices, the spokesperson said it would consider a move to mitigate prices only when the geopolitical situation has stabilized. All countries are jointly responsible for the security and stability of global energy supplies, and should avoid affecting that through...
