Energy Sector: EU Faces Energy Crisis In Few Days? China reduce US Oil Imports! Will Energy Stock Going Bear Mode?
@Mickey082024:
$BP PLC(BP)$ $Total SA(TTE)$ $SHELL PLC(RYDAF)$ $Eni SpA(E)$ $Exxon Mobil(XOM)$ China Reducing U.S. Oil Imports Welcome back from Xmas holiday. Today, we're focusing on the escalating energy crisis that threatens both Europe and the United States as major commodity consumers and producers. This is largely fueled by the G7 disruptive moves against China-Russia, starting with China's significant withdrawal from U.S. energy imports. For years, China was a major buyer of U.S. crude oil. In 2023, they imported a staggering 450,000 barrels daily—more than double their 2022 volumes—becoming