The Chinese government tries to abate the continuing fuel shortages by ordering its two major oil firms to increase their oil storage. From Reuters:
China will from May 1 require wholesalers of refined oil products to maintain stocks equivalent to at least 15 days of sales, in an effort to reduce recurrent shortages and rationing that have plagued the country for months.
China’s oil majors Sinopec and PetroChina, had already boosted their gasoline and diesel imports
April 20, 2008 10:08 PM