Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
How China Is Driving the Global Oil Price Surge
Oil prices have surged past $90 a barrel in the US and above $98 for Brent, with supply disruptions from the Red Sea and geopolitical tensions in the Middle East. But behind the headlines, China's role as the world's largest crude importer and its strategic stockpiling are amplifying the price spike. Lucas and Luna break down how Beijing's energy policy—from state reserve buying to yuan-denominated oil futures—is reshaping global oil markets. They discuss the 6.78 yuan-per-dollar exchange rate, China's record imports despite slowing economic growth, and what the oil rally…
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