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Oil Prices: China Will Dictate the Market Until 2027
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China's Purchases Will Determine Crude Price Direction in 2026 and 2027 China will not resume heavy oil purchases unless prices fall below current levels. Expectations of oil rising to $100 or falling to $50 both seem exaggerated. A petrochemical complex on the waterfront in the Chinese city of Dalian – Bloomberg. Source: Al-Sharq Bloomberg. China holds the key to oil prices, as reducing its imports could keep prices low, while resuming large-sc…
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