Providence Resources - Chinese demand growing - Stock Market not reflecting correctly...

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Chinese demand growing
11:39 25/08/2015
Spuddy
0 replies 0 0

Stock Market not reflecting correctly Chinese oil demand. Chinese are buying more oil thsn ever and Have just liberalised domestic refiners which means they are now able To source better quality International oil instead if lower quality domestic sources. China with a much bigger population than USA consumes approx 11m barrels of oil as opposed To 18m in USA. Than we Have India where demand is growing swiftly. Oil Price will rebound By end of year. Price manipulation To damage high cost producers under way at moment.

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