China’s Changing Energy Habits are Reshaping Global Oil Markets
The biggest force in oil markets may no longer be supply but China’s falling demand The turmoil in the Middle East was expected to unleash another global oil shock. It didn’t. Despite fears that crude could soar above US$200 a barrel, prices remained relatively subdued. Strategic petroleum reserve releases and increased production helped, but one country played a larger role than many observers realized: China. Continue reading China’s Changing Energy Habits are Reshaping Global Oil Markets at The Afro News.
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The biggest force in oil markets may no longer be supply but China’s falling demand
The turmoil in the Middle East was expected to unleash another global oil shock. It didn’t.
Despite fears that crude could soar above US$200 a barrel, prices remained relatively subdued. Strategic petroleum reserve releases and increased production helped, but one country played a larger role than many observers realized: China.
Continue reading China’s Changing Energy Habits are Reshaping Global Oil Markets at The Afro News.
