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Peter Lee

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Is China Taking Advantage of Oil Market Crash?
April 23rd, 2020 - 09:00 GMT

Is China Taking Advantage of Oil Market Crash?

China, the world's biggest energy consumer, is taking advantage of a plunge in global oil prices due to the coronavirus outbreak to build up its stockpiles of crude. Imports rose 4.5 percent in March over a year earlier even as the world's second-largest economy shut down to fight the virus and demand collapsed. For the first quarter of the year, imports were up 5 percent. The price collapse is battering ...
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