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They also point to a report from the IEA, pointing out that some Saudi Aramco grades are no longer available to European customers, "in favour of Asian markets and domestic power consumption".
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China setting the world’s oil price ?
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Posted January 25, 2010 with 141 reads
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china, Energy and Economy, financial times, goldman sachs, international energy agency, oil, oil prices
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The FT has a post pointing to a Goldman Sachs report on the oil market, noting the drop in US demand has been entirely offset by a rise in Chinese demand - China, setting the world’s oil prices .
They also point to a report from the IEA, pointing out that some Saudi Aramco grades are no longer available to European customers, "in favour of Asian markets and domestic power consumption".
They also point to a report from the IEA, pointing out that some Saudi Aramco grades are no longer available to European customers, "in favour of Asian markets and domestic power consumption".
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