Every...Bascially every investment bank and forecastor to OPEC was so wrong about 2024 China oil demand...
Going to be a crisis in oil markets if governments and OPEC get too cute in driving up prices without demand fundamentals being there....
President XI in China is probably in tears with laughter right now...
China is going to teach world a lesson in their own way...fools in North America and Europe that will pay 2 bucks a litre for gasoline and grin
Jan 13 (Reuters) - China's crude oil imports fell 1.9% in 2024, data showed on Monday, the first annual decline in two decades outside of pandemic-induced falls, as tepid economic growth and peaking fuel demand dampened purchases.
Imports totalled 553.4 million metric tons, equivalent to 11.04 million barrels per day (bpd), according to data from the General Administration of Customs. That compared with 2023's record 11.28 million bpd.