China buys record amounts of oil from Canada – USA loses million dollar business!

China buys record amounts of oil from Canada – USA loses million dollar business!

China has turned the tables! As the trade wars rage, the giant dragon is reaching for the far north and importing record-breaking amounts of Canadian crude oil. At the same time, Beijing is pushing for an oil super-saving campaign with the USA: they still want 90 percent less US oil! Why? A boldly expanded pipeline access in Western Canada makes it possible! What does that mean? No fresh oil deal with the Americans necessary! The whole story reads, as the report on watcher.guru suggests.

The data speaks for itself: Vortexa Ltd. reports that a whopping 7.3 million barrels rushed from Vancouver to China in March. It's hard to believe, but the numbers for US oil are plummeting dramatically: down to just three million barrels per month, whereas they were once an impressive 29 million! “China’s eyes are on Canada,” says Wenran Jiang, president of the Canada-China Energy & Environment Forum, according to watcher.guru. Beijing is apparently not interested in another oil adventure in the Middle East, because Canada's black gold is putting a lockdown in its wallet!

But there's more to consider: The International Energy Agency is reducing its world consumption forecasts and OPEC is dumping more oil onto the market, causing supply to outstrip demand. Tested battlefield oil market! With the snap of your fingers, prices could dance differently! For a gripping overview of how China is forging new partnerships and navigating US tariffs, read the full article at watcher.guru.