The Secret Reason Gas Prices Haven’t Exploded: China Is Quietly Draining Its Massive Oil Reserve to Buy the World Time
Brandon Weichert argues Washington has China backwards: in two wars, Beijing has played stabilizer — quietly draining its 1.4-billion-barrel oil reserve to hold down global prices and delivering…
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China's reduced oil imports during Iran war help stabilize global prices
Since the start of the Iran war, China has sharply cut the amount of oil it imports.
axios.com·1mo ago
China's reduced oil imports temporarily cap global crude prices below $100, analysts say
China has reduced oil imports since the start of the Iran war, capping global crude prices.
cnbc.com·1mo agoGlobal oil demand is projected to decline by about 1 million barrels per day.
Fuel prices have remained high even though the prices of crude have fallen since the elevated value at the height of the Iran/USA/Israel con
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econ.st·27d agoWorld Absorbs Historic Iran War Oil Supply Loss, But Depleted Stocks Bring Risks
The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began, but, with long-term p
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