China Barred From Buying US Oil Reserves in Funding Bill

China could be barred from shopping for oil from the US’s emergency stockpiles underneath a provision included in must-pass authorities funding legislation unveiled Sunday.

Republican critics have sought to bar the sale of oil from the Strategic Petroleum Reserve to China, after almost 1 million barrels launched from the oil reserve in 2022 have been bought to Unipec America Inc., a Houston-based subsidiary of China-owned Sinopec Corp.