Global Oil Demand Set To Tumble As China Cracks Down On Teapot Refiners

by Tyler Durden
ZeroHedge.com
Sep 6, 2016

Purchases by the China’s teapot refiners, granted permission last year to buy foreign crude, have soaked up some of the global oil glut over the past years. However, blistering crude oil demand from teapots may be about to hit a brick wall as a government tax crackdown threatens to constrain this new source of demand from China.

The Rest…HERE

This entry was posted on Tuesday, September 6th, 2016 at 12:41 pm and is filed under China, Oil. You can follow any responses to this entry through the RSS 2.0 feed.