China Holds The Key To 2024 Global Oil Demand Growth

April 8, 2024/in /by Rudolf Huber

China does everything it can to hold back outright economic deflation and implosion. Those policies, poorly drafted as they are, might stave the worst off for another while so they might just plug the holes for 2024. This being said, the picture looks very bleak for any period after that. If the oil market needs China for its fortunes, it is royally messed up. But maybe that’s what we need. Maybe oil needs to get a good hammering to be shocked into action. Some oil players exhibit signs of new life but most of them still play the tune of climate idiocy and remain in shellshock. Time to crash and burn to see who rises from the ashes.

China Holds The Key To 2024 Global Oil Demand Growth | OilPrice.com

Despite an increase in China’s crude oil imports in the first two months of 2024, it’s too early to say how the purchases of the world’s top crude importer will impact global oil demand and…

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