A Growing Portion of China’s “Oil Products” Demand Growth Does Not Actually Come From Crude Oil
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James A. Baker III Institute for Public Policy
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As China’s demand for light oil products continues to drive incremental consumption growth, it is becoming apparent that commodities framed as “oil products” are increasingly not actually made from crude oil. Fellow Gabriel Collins explores the possible ramifications of this situation in this issue brief. He writes that oil producers — whether in Riyadh, Moscow or the Permian Basin — should take stock of how China’s growing use of “oil products” that do not actually come from crude oil may translate into effective reductions in demand and prices for the crude oil they produce.
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Collins, Gabriel. "A Growing Portion of China’s “Oil Products” Demand Growth Does Not Actually Come From Crude Oil." Issue Brief, 09.20.17, (2017) James A. Baker III Institute for Public Policy: https://www.bakerinstitute.org/research/china-oil-products-demand-growth/.