China’s Oil Buying Spree May Be Running Out of Steam
China's imports last year broke yet another record, despite talk of waning oil demand. Since the start of this year, the world’s biggest oil importer has continued buying crude at elevated rates, but this may be about to change as prices extend their rally. Brent crude has been hovering around $70 per barrel for over a week now, and the outlook remains rather bullish compared to forecasts from the end of 2025, which could not foresee the latest geopolitical developments and their potential implications for supply security. China, while not…