"US Funding Bill Prohibits China's Access to Strategic Petroleum Reserve Oil"

The U.S. funding legislation includes a measure that would prevent China from purchasing oil from the Strategic Petroleum Reserve, reflecting bipartisan concern over competition with China. This move comes after President Biden's announcement of a sale of 180 million barrels of SPR oil to address soaring gasoline prices following Russia's invasion of Ukraine. The bill, which lays out funding for government segments, is set for a House vote before the Senate considers it, with the issue of SPR oil sales to China remaining a contentious topic.