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OPEC To The Rescue | Rory Johnston’s Cautious Bull Case For >$80 Oil
Forward Guidance
The Realized Demand for Refined Products in China
China is a huge refiner of importing crude oil and then sometimes exporting the refined products. So Chinese demand has been strong, but it's from government entities, not from consumers or businesses. And I think when you think about why China consumes a lot of these fuels, particularly things like NAFTA, a lot of that is for its export oriented market.
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