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How China’s Rise to Top Oil Importer Affects Global Markets – Money Morning

This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

China has surpassed the U.S. as the No. 1 importer of oil, and current indications are that Chinese oil demand will average 1.9% higher annually through 2035.

Money Morning Global Energy Strategist Dr. Kent Moors joined CCTV News Thursday and detailed China’s rise as the top oil importer, and the impact China’s oil demand will have on the global markets.

Moors also discussed whether there will be enough oil supply to satisfy global demand in the upcoming decades.

Get Moors’ take on these and other pressing energy issues here:

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