OPEC Secretary General: 'End of Oil Not in Sight' on Nostr: China's Shift in Crude Oil Imports: Less from Africa, More from Gulf and Russia ...
China's Shift in Crude Oil Imports: Less from Africa, More from Gulf and Russia
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#4b17a52e ver:0.2
China's shift in crude oil imports: Less from Africa, more from Gulf and Russia. Weak demand from China and rising US crude stocks contribute to a two-month low in oil prices. China's declining demand and increased stockpiles may further decrease crude oil prices. African countries like Angola see a decline in oil exports to China, while Gulf and Russia become preferred suppliers. China's focus on renewable energy and electric vehicles reduces global oil consumption. China's oil refining industry is expected to decline for the first time, posing a dilemma for OPEC+. Macquarie analysts caution against a possible summer oil rally, predicting a significant price correction. #China #oilimports #Africa #Gulf #Russia #oilprices #OPEC #renewableenergy #electricvehicles #OPEC+ #crudeoil...
#newstr #China #CrudeOil #Africa #GulfCooperationCouncil #Russia #Angola #OilbackedLoans #Geopolitics #SupplysideConstraints #Investment #MiddleEast #Trade
https://here.news/story/4b17a52e?ver=0.2
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#4b17a52e ver:0.2
China's shift in crude oil imports: Less from Africa, more from Gulf and Russia. Weak demand from China and rising US crude stocks contribute to a two-month low in oil prices. China's declining demand and increased stockpiles may further decrease crude oil prices. African countries like Angola see a decline in oil exports to China, while Gulf and Russia become preferred suppliers. China's focus on renewable energy and electric vehicles reduces global oil consumption. China's oil refining industry is expected to decline for the first time, posing a dilemma for OPEC+. Macquarie analysts caution against a possible summer oil rally, predicting a significant price correction. #China #oilimports #Africa #Gulf #Russia #oilprices #OPEC #renewableenergy #electricvehicles #OPEC+ #crudeoil...
#newstr #China #CrudeOil #Africa #GulfCooperationCouncil #Russia #Angola #OilbackedLoans #Geopolitics #SupplysideConstraints #Investment #MiddleEast #Trade
https://here.news/story/4b17a52e?ver=0.2