Saudi Aramco Chief Executive Officer Amin H. Nasser says the firm is bullish on China’s oil consumption
Citing
government stimulus measuresjet fuel demand is a bright spotsees global oil demand at more than 100 million barrels per day through 2050
Bloomberg carried his comments, but also poured some cold water on them:
other market commentators forecast that China’s demand for fuels like gasoline & diesel has already peaked or will be peaking soon, backed by the nation’s rapid electrification of its passenger vehicle fleetIn recent months, parts of the country’s trucking sector have also seen a jump in orders for commercial vehicles that run on liquefied natural gas
This article was written by Eamonn Sheridan at www.forexlive.com.
