They also point to a report from the IEA, pointing out that some Saudi Aramco grades are no longer available to European customers, "in favor of Asian markets and domestic power consumption".
From the BigGav
Jan 27, 2010
China, setting the world’s oil prices .
FT has a post pointing to a Goldman Sachs report on the oil market, noting the drop in US demand has been entirely offset by a rise in Chinese demand - China, setting the world's oil prices .
They also point to a report from the IEA, pointing out that some Saudi Aramco grades are no longer available to European customers, "in favor of Asian markets and domestic power consumption".
From the BigGav
They also point to a report from the IEA, pointing out that some Saudi Aramco grades are no longer available to European customers, "in favor of Asian markets and domestic power consumption".
From the BigGav