Chinese oil companies have been aggressive sellers in recent weeks, selling barrels to several nations in tenders, according to the chief executive officer of commodity trader Mercuria Energy Group Ltd.
Basically, China is strengthening ties with their neighbours here. It also suggests that China isn’t really worried about oil shortages going forward. So, if the US was trying to use the war on Iran as an attack against China’s energy supplies, looks like that turned out to be a massive miscalculation.
i think i lack the necessary background to understand the implications of this.
Basically, China is strengthening ties with their neighbours here. It also suggests that China isn’t really worried about oil shortages going forward. So, if the US was trying to use the war on Iran as an attack against China’s energy supplies, looks like that turned out to be a massive miscalculation.