As Oil Prices Plunge, China Is Grabbing Every Cargo It Can Get
- Imports data, trade flow and cargo counts point to more buying
- Brent crude prices have collapsed by third since early October
This article is for subscribers only.
As oil prices plunge, there are plenty of signs that China is buying the dip -- and in potentially large volumes -- if shipping and trade data are any guide.
Here’s some evidence to suggest the world’s biggest source of incremental demand growth for oil has ramped up imports -- and that its buying remains undimmed.