HFI Research

HFI Research

Share this post

HFI Research
HFI Research
Something Really Interesting Is Happening In China
Copy link
Facebook
Email
Notes
More
Oil

Something Really Interesting Is Happening In China

HFI Research's avatar
HFI Research
Apr 23, 2024
∙ Paid
11

Share this post

HFI Research
HFI Research
Something Really Interesting Is Happening In China
Copy link
Facebook
Email
Notes
More
2
1
Share

For 2024, one of the main bearish headwinds for the oil market was the potential SPR release from both the US and China. As we cautioned at the start of the year, the oil price rally this year will be capped due to 1) this year being an election year, 2) Saudi holding spare capacity and is likely to release some at the start of H2 2024, and 3) the potential for SPR releases from both China and the US.

Well... China has been drawing down its crude storage and there's something really interesting about that.

A proxy to China's oil demand...

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 HFI Research
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More