Oil markets’ decades-long dependence on China could be ending
2023-09-20 09:07:46 source：CNBC
September 20, 2023
China’s demand for oil could peak by the end of the decade — and with its economic recovery still in limbo, can global oil markets continue to rely on China?
“For 20 years, the oil market is dependent on China, China, China, supporting the markets. The story is coming to an end,” said Facts Global Energy’s Chairman Fereidun Fesharaki at a recent energy conference.
He predicted that China’s demand for oil will peak in the next three to five years.
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