The oversupply is due to the confluence of a number of discrete factors including flatlined economic growth in China, climbing electric vehicles sales (which will exceed 23% of new vehicle sales ...

Downward revisions to demand outlooks and upward changes to output forecasts provide ‘a bearish landscape for oil that will likely result in oil futures trading with a $50 handle before a $90 ...

China accounted for 16% of global demand in 2023, or 16.4 million barrels a day, up from around 9% in 2008. More significantly, China was the largest buyer of marginal barrels.

It could handle the oil supply shock better than the US or Europe. CNBC pointed out that China’s oil sources are already diverse, as it imports from Russia, Saudi Arabia, Malaysia, Iraq, and Oman.

The price of oil has dropped sharply over the last few weeks as demand from China, and possibly the U.S., is expected to fall. This week, for the first time in nearly three years, global oil ...

China is tapping fast-growing countries to expand its market for solar panels, electric vehicles and other green goods — particularly as its trade relationship with the U.S. becomes more volatile.

China's surging oil production growth in recent years, the result of a concerted investment push, is expected to ease in 2024 as falling output from mature fields requires state oil companies to ...

Russian oil flows to China, from both pipelines and shipments, plummeted to 1.76 million barrels per day last month, a year-on-year drop of 7.4 percent and the lowest amount so far this year.

By Myra P. Saefong and William Watts China stimulus, Middle East worries support prices for now Oil futures scored a second straight session of gains on Tuesday to claw back some of steep losses ...