China’s top oil firm sees demand growth cut in half in 2020

January 14, 2020/in /by Rudolf Huber

What does the Chinese leadership want to tell us this way? That we should brace as the growth figures we were fed so far were Bull and that in reality a bubble of unseen proportions was created that’s called China. When this bubble pops there will be more than just some demand reduction. There will be way too much oil in the market all of a sudden and the price will tank again. How far is OPEC+ willing to cut?

The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be felt, according to researchers at China National…

www.worldoil.com

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I met Rudolf at the beginning of 2011, since we were both involved and working together within several European / Scandinavian projects for the development of technology, standardisation and legal aspect in the use of LNG as marine fuel and along its supply chain. Rudolf has vast expertise in, and perspective on, different aspects of LNG technologies, suppliers, infrastructures and supply chain options. He is able to provide a deep understanding and insight into these areas and is a conscientious and diligent source. Moreover, he is a tremendous visionary on the geopolitical, trading and technology aspects of energy, with a special remark for LNG traditional and small / mid magnitude chain. Rudolf has very proactive personal and working approach and is an excellent team worker and leader. Not least, he has a unique persuasive way of writing, negotiating and delivering speeches. I would certainly recommend him as an excellent expert and believe he would be a powerful asset for any company actively working in Oil and Gas. Thank you Rudolf! Marco

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I was introduced to and met Rudi in Angola when he started to develop his Sub Saharan Africa network. At the time he worked for EconGas/OMV and he tried organizing longterm LNG supply for them under the unlikeliest of all circumstances. He figured that Africa would be the only place where this would be a realistic prospect for long term uncommitted supplies of LNG. Rudi did not hesitate, started in Africa from absolute zero and spawned relationships and personal friendships with incredible speed. When I met him I didn’t know much about LNG. Today I follow the LNG news on my continent with great interest and a much clearer understanding of the LNG trade. Whenever I have a job that involves venturing into the unknown, Rudi will always be my man.

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Environmental Film Group West

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