China has saved the global oil market amid Trump’s war on Iran
A prominent oil analyst has claimed that China’s dramatic reduction in crude oil imports since the US/Israel war of choice on Iran helped prevent a full-blown global energy shock. Real demand for oil plateauing in China In an interview with German DW, oil analyst Rory Johnston said: Chinese crude oil imports fell by roughly 40- 45%, roughly 5 million barrels a day from pre-war levels to the levels we saw average through June. That is gargantuan. That is a larger shift than the entirety of the world’s SPR (Strategic Petroleum Reserves) releases combined. According to Reuters, since the unprovoked war on…

