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The mystery of how China is keeping down the world’s oil prices

Your gas could be a lot more expensive right now. Thank Xi Jinping.

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vox.comStai leggendo2 mesi fa

The mystery of how China is keeping down the world’s oil prices

China cut oil imports from 11.6 to 7.8M barrels/day, keeping prices near $90 vs. $200+ forecast. As a 'swing consumer,' Beijing can now influence global commodity flows—a leverage point affecting supply chains and operational costs for tech infrastructure.

originale

fortune.com2 mesi fa

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much…

As the Strait of Hormuz remains closed for the fourth month, “one development stands out: prices have become remarkably calm,” JPMorgan analysts said.

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Timeline cronologica

mercoledì 10 giugno 2026·fortune.com
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer | Fortune
As the Strait of Hormuz remains closed for the fourth month, “one development stands out: prices have become remarkably calm,” JPMorgan analysts said.
sabato 13 giugno 2026·vox.com
The mystery of how China is keeping down the world’s oil prices
Your gas could be a lot more expensive right now. Thank Xi Jinping.

The mystery of how China is keeping down the world’s oil prices

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much…

Timeline cronologica

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer | Fortune

The mystery of how China is keeping down the world’s oil prices