Could China Deliver a Bearish Shock to Oil Markets?
Oil
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Article by:
Irina Slav - Oilprice
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Date Published:
July 09, 2024
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Who was cited:
FGE
“Rising crude prices could further dampen China’s crude-buying appetite,” Mia Geng, analyst at energy consultancy FGE, told Bloomberg. “Although we expect China’s crude imports to move sideways in the third quarter at around 11 million barrels a day, there is downside risk in the later part of the third and fourth quarters.”
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