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Home News Oil & Energy

Middle East Oil Benefits As China Buys Less African Crude

admin by admin
July 17, 2024
in Oil & Energy
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China has long been building inroads into Africa, while the U.S. backs down from the region, leaving a gaping hole in the West’s influence over the “final frontier”. Now, however, we’re seeing all that soft power and oil-backed loans fizzle out as various think tanks note that China is increasingly choosing Arab oil over African crude. 

Back in 2002, at the end of Angola’s 27-year civil war, the central African country pioneered the…



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