True face of China -- A Modern Kaleidoscope Message Board

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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope

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To: zzpat who wrote (12234)	10/23/2017 12:58:34 PM
From: RealMuLan	Read Replies (2) of 12464

yes, true, but now the crude oil imports to China from non-OPEC countries is increasing much faster. The latest data (see below) shows only 57% Crude imports to China was from OPEC in 2016. So Saudi imports to China using RMB settlement may not be too far fetched if Saudi wants to keep their market share. eia.gov ", China’s crude oil imports have increasingly come from countries outside the Organization of the Petroleum Exporting Countries (OPEC). While OPEC countries still made up most (57%) of China’s 7.6 million barrels per day (b/d) of crude oil imports in 2016,"

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