Is China's Demand for Oil Nearing Its Peak?

Uncertainty about Chinese oil demand has become the single most important bearish factor for oil. Every time analysts cite lower prices it is because of uncertainty about Chinese demand—or the potential certainty that this demand is not going higher. As the world’s largest importer of oil, the Asian powerhouse has pretty understandable significance for oil markets. The players in those markets may need to start adapting to the idea that China will not continue to consume ever more crude oil far into the future. The latest import figures…