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Why oil’s not at $200 after the biggest supply shock in history

One of the biggest surprises for the oil market has been China, the world’s largest importer. It slashed inbound shipments by almost 40% in May compared to last year’s average, according to Vortexa Lt

CJPN24 AI Desk••2 min read
Why oil’s not at $200 after the biggest supply shock in history
Why oil’s not at $200 after the biggest supply shock in history
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One of the biggest surprises for the oil market has been China, the world’s largest importer.

It slashed inbound shipments by almost 40% in May compared to last year’s average, according to Vortexa Ltd.

An oil tanker unloads imported crude oil at the..

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Source: Moneycontrol.com

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CJPN24 AI Desk

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