What: China Stopped Buying Oil from the US?

There are many reasons why China made the decision to forgo purchasing oil from the US. The BRICS countries play a pivotal role in China's new energy strategy. Russia, for instance, has become a crucial supplier of oil to China. Despite Western sanctions on Russia following its actions in Ukraine, the energy trade between China and Russia has flourished. This relationship is mutually beneficial: Russia gains a stable market for its oil, while China secures a reliable source of energy, less susceptible to Western political pressures.

Don't miss out on understanding the intricacies of this pivotal moment in global politics! Make sure to like, share, and subscribe for more insightful content on international affairs.

Support the Channel:
Bitcoin: 38mDB8FMhGB1bB3ZBzSkePnvZx2ymw9z4N
https://www.paypal.com/donate?hosted_button_id=MNJJNMKHXKCMG
https://www.buymeacoffee.com/geopoliticaltrends
Support Asia Trip:
https://www.buymeacoffee.com/truthmatters
Buy my books:
https://buymeacoffee.com/geopoliticaltrends/extras

Link to articles:
https://www.forbes.com/sites/kenroberts/2018/10/18/china-stops-buying-u-s-oil-two-months-after-record-total/#:~:text=China%20has%20turned%20off%20the%20U.S.%20oil%20spigot.,a%20free%20country%20and%20one%20that%20is%20not.
https://www.huffpost.com/entry/saudi-arabia-pivots-toward-china-the-rise-of-a-new_b_58dea9a4e4b03c2b30f6a607
https://www.telegraph.co.uk/news/2024/08/13/china-biggest-oil-gas-rig-saudi-green-energy-transition/
https://oilprice.com/Energy/Crude-Oil/China-Is-Quickly-Becoming-The-Worlds-Largest-Refiner.html
https://www.caspianpolicy.org/research/energy-and-economy-program-eep/navigating-chinas-path-to-engagement-in-central-asia
https://www.afpc.org/publications/articles/the-evolution-of-central-asian-energy#:~:text=China%E2%80%99s%20rapid%20economic%20growth%20over%20the%20past%20two,transit%20area%20to%20other%20parts%20of%20the%20world.
https://www.iea.org/data-and-statistics/charts/global-and-chinese-quarterly-oil-demand-2017-2024
https://www.reuters.com/business/energy/iea-keeps-2024-oil-demand-forecast-unchanged-trims-2025-outlook-2024-08-13/
https://www.bloomberg.com/news/articles/2024-03-03/china-barred-from-buying-from-oil-reserve-in-us-funding-bill