China Breaks Oil Import Records in Landmark Year

Watching China for a sense of where oil prices are heading has become standard practice among analysts in the past decade—and with a good reason. The Asian powerhouse has become a weathervane for global oil demand as it has become the top importer and second-largest consumer of the most traded commodity in the world. And despite nagging doubts, last year was another when China did not disappoint. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });';document.write(write_html);} Earlier this month, customs authorities reported that oil imports…