Oxford Energy Podcast – China’s consumption tax: Storm in a teapot – Is China’s economic momentum starting to lose steam?
In this podcast, David Ledesma talks to Michal Meidan about her latest contribution to the OIES Oil Monthly. They discuss the new Chinese consumption tax on blendstocks and the crackdown on the Shandong teapots, how this will impact crude and product flows in and out of China as well as the balance of power between the majors and the independents. In the Podcast, they also address the changing policy priorities in China, the macroeconomic outlook for the next 18 months and what it means for oil demand. Finally, David and Michal discuss recent reports of an SPR release in China.