The U.S. Congress is discussing a funding deal that will see Chinese entities prohibited from buying crude oil from the strategic petroleum reserve in the latest push to limit Chinese access to U.S. markets. The bill follows a sale of about 1 million barrels from the SPR to Unipec America, a U.S. subsidiary of state-owned major Sinopec. That was back in 2022 when the Biden administration unleashed more than 180 million barrels of crude from the SPR to rein in oil prices. The House is yet to vote on the bill, which allocates funding for half…
