China is the world’s largest purchaser of oil. But three months after the war with Iran began, it cut its imports, cushioning the global market.
China Moves the Price of Oil, Even When It Buys Less
Related Posts
What Ireland and Germany Can Teach Us About Birthright Citizenship
President Trump has argued that the United States is “stupid” for granting citizenship at birth. Most countries don’t do so,…
How DoorDash and Other Food Delivery Apps Are Reshaping Mealtime in the U.S.
Almost three of every four restaurant orders in the U.S. weren’t eaten in a restaurant, according to recent data. We…
An Economist Asked, How Much Should We Spend to Avoid the A.I. Apocalypse?
The question “at first struck me as too open-ended to be usefully addressed by standard economics,” said Charles Jones of…