To nitpick, much of that is probably due to halting refining for export and drawing down reserves. But of course the point stands that they are rapidly electrifying and expanding renewable generation.
Oil will only become more and more volatile. The supply chain is both complex and fragile to geopolitical nonsense. China is betting on stability and reliability, environmental concerns is just a bonus.
Oil will only become more and more volatile. The supply chain is both complex and fragile to geopolitical nonsense. China is betting on stability and reliability, environmental concerns is just a bonus.