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Could China Deliver a Bearish Shock to Oil Markets?

Oil
 

“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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