Syria
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Oil & Gas
United States senators seek to harden restriction on selling reserve oil to China
Two U.S. senators introduced legislation on Thursday to solidify the ban on selling crude oil from the Strategic Petroleum Reserve (SPR) to China. The bill, introduced by Senators Joni Ernst, a Republican and John Fetterman, a Democrat, would make sure that business owned or managed by China's government do not purchase oil from the SPR. A financing expense signed by President Joe Biden this month obstructed Chinese companies from purchasing oil, but contained an exception if the oil was not exported to China. This bipartisan costs will make sure America's Strategic Petroleum Reserve does not fall into the hands of