BINGO! China started withdrawing oil from the SPR!
Dear Subscribers,
We would like to share with you two stories with two charts about two issues that we have been discussing for a long time. One is about China’s use of its oil inventories to prevent oil prices from rising and the other is about the impact of a deal between the Biden Administration and Iran on oil markets.
Links to Related Articles:
Busting Myths about China’s Oil Demand and Imports
What Does Chinese Oil Data Tell Us about the Oil Market?
EOA 2023 Oil Market Outlook: 2023 is a tale of two opposite halves