RE: Oil Prices Plummet
March 31, 2022 at 12:53 pm
(This post was last modified: March 31, 2022 at 12:55 pm by Anomalocaris.)
It means China had another covid related lock down, this time at Shanghai, their financial capital, which is expected to knock their economic activity down by a few notches, which means they will burn less oil, which means they will import less oil, which means the world’s largest consumer of oil and the largest importer of oil will buy less oil, which means…?
also, release of US strategic oil reserve will add a million barrels a day to the market.
but, china will come out of covid lock down and strategic petroleum reserve doesn’t have infinite inventory. which means…….?
also, release of US strategic oil reserve will add a million barrels a day to the market.
but, china will come out of covid lock down and strategic petroleum reserve doesn’t have infinite inventory. which means…….?
