Call it “zuan ba, bao bei, zuan ba."
China may not have a drilling slogan, but it just lifted oil production to an all-time high, surpassing a peak set 10 years ago.
My @opinion.bloomberg.com column: www.bloomberg.com/opinion/arti...
Call it “zuan ba, bao bei, zuan ba."
China may not have a drilling slogan, but it just lifted oil production to an all-time high, surpassing a peak set 10 years ago.
My @opinion.bloomberg.com column: www.bloomberg.com/opinion/arti...
Even without adjusting by inflation, in mere nominal terms, a barrel of Brent crude cost today as it did in mid-2005. Add on top cumulative inflation, and this is a huge loss of purchasing power for OPEC+
@opinion.bloomberg.com
Even without adjusting by inflation, in mere nominal terms, a barrel of Brent crude cost today as it did in mid-2005. Add on top cumulative inflation, and this is a huge loss of purchasing power for OPEC+
@opinion.bloomberg.com
In 2024, US imports of Saudi crude plunged to a ~40 years low — and the drop will deepen further in 2025 as one of the last remaining refiners buying the barrel closes.
Read my @opinion.bloomberg.com column here: www.bloomberg.com/opinion/arti...
In 2024, US imports of Saudi crude plunged to a ~40 years low — and the drop will deepen further in 2025 as one of the last remaining refiners buying the barrel closes.
Read my @opinion.bloomberg.com column here: www.bloomberg.com/opinion/arti...