Ed Morse, global head of commodities research at Citigroup, says China is “moving out of the world of oil consumption” and expects the nation’s crude demand growth to not exceed 2021 levels. “After this recovery, I’d say it’s the last hurrah for demand in China,” he says on “Bloomberg Surveillance.”
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27 Comments
The US has "democracy oil" lol
awesome interview, Thank you both
Recently the theme is that the wholee world will go down while US will evolve as the messiah 😀 Wake up 😀 An ageing developed country wants to slow down the growth of emerging economies and create an enemy out of half of the world. 'Not Smart' is all that I will say 🙂
DRUGED UP JOE BIDEN IS REVERSING HIS IDIOTIC ECO-LOON EUROPEAN GARBAGE., AND REOPENING DRILLING.
if more oil and less demand, then what about refiners? What about that crack-spread?
More like the last hurrah before anyone listens to this guy ever again. Oil is going up and will stay higher for longer.
🤣🤣 🤡
Didn't December just report record global demand?
the Russian is going to cut oil, OPEC is going to cut oil, so demand may go down, so is supply, not good for growth
This guy was predicting $50 oil a year ago. The guy is a joke.
Citi's Morse Sees 'Last Hurrah' for China's Oil Demand < —— HE DOES NOT EVEN UNDERSTAND WHAT IS REALLY GOING ON AND ON IN THE MACRO ECONOMY THAT UNDER CURRENT SITUATION DO THE MATH THAT USA WILL BE THE LEFTOVER IN TERMS OF SECURE AND STABLE ENERGY THAT THERE IS NO SUCH THING GREEN TRANSITION WHATEVER BUT YOU WILL SEE INEVITABLY LONG AND LONG AND LONGER TIME FOR FOSSIL FUELS THAN MARKET'S ANTICIPATIONS BECAUSE OF NOT ONLY TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT FROM ESP USA CHINA EUROPE BUT ALSO GETTING MORE AND MORE AND MORE AND MORE SERIOUS GEOPOLITICAL CONFLICTS THAT NOW WE ARE HEADING TOWARD MUCH MORE CONFLICTS NOT ONLY IN EUROPE BUT ALSO THIS YEAR IN MIDDLE EAST AND NEXT YEAR IN ASIA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
Citi's Morse Sees 'Last Hurrah' for China's Oil Demand <———- AS I'VE SAID BEFORE HE IS JUST A TOOL FOR THE ARTIFICIALLY PRESS DOWN THE PRICE OF OIL AND GAS BUT INDEED ———– > WHAT IS GOING ON AND ON UNDER SURFACE THAT NOT ONLY INDIA + CHINA BUT ALSO MANY COUNTRIES IN THE WORLD ESP FROM ASIA HAVE BEEN STOCKPILING MORE AND MORE GOLD + ENERGY NOW SINCE THE END OF 2021YR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
DO THE MATH WHY KOREA + JAPAN ARE RECORDING MORE AND MORE ITS TRADING DEFICITS? JUST BECAUSE OF DETERIORATING THEIR EXPORTING VOLUME? OR ANY OTHER REASONS FOR THAT? < ———– THE ANSWER IS A BIG YES BECAUSE THEY HAVE BEEN ALSO HUGELY STOCKPILING THOSE COMMODITIES ESP ENERGY (= OIL GAS AND COAL) + GOLD THAT WILL BE GOING ON AND ON FOR COMING MONTHS AND YEARS FOR EMERGENCY USE!!!!!!!!!!!!!!!!!!!!!!!:) < ———– WHY IN JAPAN + S KOREA THEIR OWN SO CALLED GREEN TRANSITION HAS BEEN COMPLETELY STOPPED NOW UNDER BENEATH NOW THAT BECAUSE THEY KNOW FOR COMING YEARS THERE WILL BE A GIGANTIC PROBLEMS OF SECURING STABLE ENERGY SOURCES THAT WOULD BE CAUSED BY MANY REASONS SUCH AS MORE AND MORE AND MORE AND FURTHER AND FURTHER AND FURTHER CONTINUING FISCAL INFLATION ( = THE MMT) + MORE AND MORE AND MORE GEOPOLITICAL CONFLICTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN ONLY GOLD + ENERGY ARE THE SAFE HAVEN ASSETS THAT BECAUSE OF TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT EVERYWHERE ESP FROM USA + CHINA + EUROPE AND MORE AND MORE AND MORE AND MORE GEOPOLITICAL CONFLICTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
WHAT ABOUT CHINA ITS OFFICIAL NATIONAL DEBT TO RATIO ANNOUNCED THIS WEEK IS + 278% +/- MEANS 50T$ +/- BUT INCLUDING ITS OWN HUGE SHADOW BANKING = A PRIVATE LOAN CHAIN, IS 8T$ – 9T$ = 58T$ – 59T$ AND WHAT ABOUT ITS HOUSEHOLD DEBT, OFFICIALLY +70% TO ITS GDP, IS WOW 12T$!!!!!!!!!!!!!!!!!!!! MEANS CHINA DEBT 71T$ +/-!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
AGAIN THERE IS NO SUCH THING LIKE GREEN TRANSITION IN USING ONLY WIND + SOLAR ETC BECAUSE IT IS TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO LATE TO FIX THE DEBT PROBLEMS EVERYWHERE ESP CHINA USA EUROPE THAT WILL BE MORE AND MORE AND MORE AND MORE HIGH INTEREST RATE CYCLES ARE COMING TO ENGINE THE SUPER CYCLE OF THE COMMODITY PRICES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
DO THE MATH MATH NEVER TELL YOU A LIE THAT ————— > WITH SIMPLE MATH CALCULATION THAT USA HAS BEEN IN A THE BIGGEST EVER DEBT SWAMP THAT ———— > SINCE THE BEGINNING OF THE THE 20TH CENTURY THAT AGAIN US FED IS TOOOOOOOOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
US DEBT IS T – DEBT (+)31.5T$ + (+) FED 8.9T$ + ITS HOUSEHOLD DEBT (+)17T$ + ITS CREDIT CARD DEBT (+) 1T$ + STUDENT LOANS (+) 1.6T$ + AUTO LOANS + (1.5T$) + ETC + ETC = APP +65.9T$ +/- ——— > NO WAY TO SOLVE THE BIGGEST EVER DEBT SWAMP
WHAT ABOUT EU? NOT EVEN WORTH TO TALK ABOUT ITS TREMENDOUS DEBT THAT IS +80T$ – +90T$ MEANS DO THE SIMPLE MATH ONLY EU + USA + CHINA TOTAL DEBT AMOUNT IS AS I'VE SAID BEFORE EVEN MORE THAN +71% – +73% +/- THAT IS 220T$ – 230T$ OUT OF TOTAL 300T$ OF WORLD DEBT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AS I'VE SAID MANY TIMES ALREADY THAT MORE AND MORE AND MORE AND MORE AND MORE STAGFLATION COMING TO HURRICAINING THE ECONOMY BECAUSE OF TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT EVERYWHERE ESP FROM USA CHINA EU THAT CENTRAL BANKS IN THOSE TERRIBLE DEBT DRIVEN COUNTRIES CANNOT HIKE THEIR INTEREST RATES ENOUGH TO REDUCE THE DEBT = THE INFLATION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
is ed finally wrong? lower oil demand in the future? are you SURE dude?
IT DOES NOT MATTER THAT EVEN IF OPTION MARKET IN ENERGY SECTOR TRYING TO PUSH DOWN THE PRICE OF OIL AND GAS AND COAL HOWEVER ———- > AS WE ARE SEEING NOW THOSE OPTIONS AGAINST HIKING ENERGY PRICES HAVE BEEN AN EARLY SIGN OF BEING FRAGILE THAT ——– > OIL AND GAS PRICES ARE GOING HIGHER AND HIGHER AND HIGHER MUCH FASTER THAN MARKET'S EXPECTATIONS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN GOLD PRICE WILL BE IN 3K$ – 3.5K$ THIS YEAR AGAINST THE FED IS TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO BEHIND THE CURVE TO QUELL THE CREDIT INFLATION = THE FISCAL INFLATION = THE MONETARY INFLATION = THE STIMULUS PACKAGE = THE QUANTITATIVE EASING INFLATION = THE MMT INFLATION WHATEVER YOU NAME IT ————- > DEBT IS DEBT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! TOOOOOOOOOOOOOOOOOOOOOOOOO LATE TO FIX THE STAGFLATION PROBLEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
AGAIN AND AGAIN US FED HAS NO OTHER OPTIONS BUT TO HIKE ITS FUDNS RATE INTO +7% -+8% THIS YEAR BUT NOTHING TO DO WITH EVEN MUCH MUCH MUCH MUCH MORE GROWING DEBT PROBLEMS EVERYWHERE ESP IN CHINA USA EUROPE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) + CHINA PBOC ALSO IS HEADING TOWARDS HIKING ITS LPR VERY SOON IN THIS YEAR BETWEEN 2ND Q – 3RD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
P.S AS I'VE SAID MANY TIMES THAT THE BOJ IS GOING TO CHNAGE ITS MONETARY POLICY IN COMING MARCH 10TH ITS POLICY MEETING BASED ON NOW MORE THAN +62.99%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
Don't pay any attention to this dude, we are NOT moving away from oil. Nothing has changed. There is marginal demand destruction with EV's but most of that is made up around the world from just real growth in other uses for larger populations over time.
China has 60%+ of the world's fast charging infrastructure. The return to fossil fuels will be mitigated by this world class infrastructure.