China Is New Swing Buyer of Oil, Blanch Says

0 August 13, 2026 11:43

Francisco Blanch, commodities and derivatives research head at BofA Securities, says China has become very skilled at managing their energy consumption and are now a "swing buyer" of oil. He says gas and diesel prices in the US could go higher because inventories are so low. Blanch also says oil prices could fall in 2027 if things normalize in the Strait of Hormuz. He speaks on "Bloomberg Surveillance."
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