you are viewing a single comment's thread
view the rest of the comments
[–] 5 points 5 days ago (3 children)

Isn't China a net importer of oil?

  • source
  • parent
  • hideshow 3 child comments
  • [–] 13 points 5 days ago

    The largest net importer of oil. Not only do they consume so much, they also have the largest strategic reserve of crude. They've been tapping it since the Epstein-Iran war limited their access to Iran oil and prices went up.

    They have massive refining capacity and they export refined fuel.

  • source
  • parent
  • [–] 6 points 5 days ago

    Yes. Massively so. I hear people say things like “Chinese oil” and it doesn’t make any sense to me. There is virtually no Chinese oil. There is Chinese financing, and there is Chinese refining services.

  • source
  • parent