Oil Markets Wrongfooted By Change In Speculative Buying
Oil markets have been experiencing a shift in sentiment, with a significant decline in speculative buying also putting pressure on prices
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Oil markets have been experiencing a shift in sentiment, with a significant decline in speculative buying also putting pressure on prices
Meanwhile, China as a top demand growth driver is fading fast.
Analysts warn that China is set to give up its status in global oil markets to India, which is fast becoming the key driver of global demand growt
Despite headlines about faltering economy growth in China, the country’s commodity imports remain remarkably robust.
Goldman Sachs highlights China's booming demand for commodities like oil and copper, driven largely by its thriving clean energy sector, while the U.S. renewable sector faces challenges.