Simply sign up to the Oil myFT Digest -- delivered directly to your inbox. Amin Nasser, the head of Saudi Aramco, the world’s largest oil company, has always had one special customer: China.
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China’s EV Boom Is Starting to Pinch Oil ProducersChina imported 11.3 million barrels of oil a day in 2023, more than 10% of global production. Its structural decline in demand could hurt their upstream divisions through pressure on prices.
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