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Commodities Briefing - Categorized | Market Moves, Oil more

Beijing ‘to increase reliance on Middle East oil’

Posted on 10 June 2013

China’s dependence on Middle Eastern oil will increase in the coming years, while American dependence will decline, said speakers at the United States-China Economic and Security Review Commission hearing in Washington last week.
The diverging trends will give the United States an upper hand over China, some speakers said, while others predicted China’s growing thirst for Middle Eastern oil will lead the country to play a more active role in the volatile region and to become increasingly confrontational with the US………………………………………..Full Article: Source


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