Did Biden Sell Millions of Barrels of Oil to China?

"As global oil prices hit high levels in the summer of 2022, the United States released 30 million barrels of oil in an attempt to stabilize the market. This oil was purchased by 12 energy companies that shipped that oil to refineries in the United States and abroad. While some people or groups claimed the Biden administration was “betraying” America by letting SPR oil get shipped overseas, experts have repeatedly stressed “oil is a global commodity” and no matter whether oil is used abroad or domestically, it will have the same impact on market prices."

"Oil industry consultant Philip K. Verleger told The Washington Post: 'Where [the oil] goes is essentially irrelevant.'"

"Furthermore, the claim that Hunter Biden used his political influence to secure a sale of U.S. oil to a Chinese-owned company was largely unfounded. No evidence has been provided to suggest that Unipec, a company connected to the Chinese government, was awarded its contract for oil from the SPR for any other reason than it met requirements to make the purchase. Furthermore, while Biden was once a member of a private-equity fund that invested in Sinopec, the Chinese-branch of Unipec, Biden announced that he left that board position years before the oil sale in June 2022."

Full Article: [snopes.com]