{"id":30694,"date":"2009-01-05T00:01:19","date_gmt":"2009-01-05T07:01:19","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=30694"},"modified":"2009-01-05T18:45:46","modified_gmt":"2009-01-06T01:45:46","slug":"china-accelerates-filling-up-its-oil-reserves","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/01\/china-accelerates-filling-up-its-oil-reserves\/","title":{"rendered":"China Accelerates Filling Up Its Oil Reserves"},"content":{"rendered":"<p>From <a href=\"http:\/\/online.wsj.com\/article\/SB123110329174852017.html?mod=googlenews_wsj\">The Wall Street Journal<\/a>:<\/p>\n<blockquote><p>As the U.S. seeks to stockpile oil, China has been doing the same, observers say, and is expected to quicken the pace &#8212; a development that already may be helping to boost oil prices.<\/p>\n<p>On Friday, the U.S. Department of Energy said that amid low oil prices, it aims to fill the country&#8217;s Strategic Petroleum Reserve to capacity this year.<\/p>\n<p>That news followed a rare public statement last week from China&#8217;s top energy official, Zhang Guobao, head of the National Energy Administration, in the People&#8217;s Daily newspaper that China should take advantage of the falling global energy demand to increase its oil reserves. Mr Zhang said China will &#8220;encourage companies to utilize idle storage capacity to increase inventories.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From The Wall Street Journal: As the U.S. seeks to stockpile oil, China has been doing the same, observers say, and is expected to quicken the pace &#8212; a development that already may be helping to boost oil prices. On Friday, the U.S. Department of Energy said that amid low oil prices, it aims to [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[262,4821],"class_list":["post-30694","post","type-post","status-publish","format-standard","hentry","category-economy","tag-oil","tag-oil-reserves","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Accelerates Filling Up Its Oil Reserves<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2009\/01\/china-accelerates-filling-up-its-oil-reserves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Accelerates Filling Up Its Oil Reserves\" \/>\n<meta property=\"og:description\" content=\"From The Wall Street Journal: As the U.S. seeks to stockpile oil, China has been doing the same, observers say, and is expected to quicken the pace &#8212; a development that already may be helping to boost oil prices. On Friday, the U.S. Department of Energy said that amid low oil prices, it aims to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2009\/01\/china-accelerates-filling-up-its-oil-reserves\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2009-01-05T07:01:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2009-01-06T01:45:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Liu Yong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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