China Is New Swing Buyer of Oil, Blanch Says
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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." -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: ht
Tags: Annmarie Hordern, Bloomberg Commodities Index, Brent Crude, China, Commodities, Crude Oil, Diesel, Energy, Francisco Blanch, Gasoline Prices, General News, Jet Fuel, Lisa Abramowicz, Oil, crude oil inventory, gasoline
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