China’s energy shift leaves it ‘far less reliant’ on oil


Channel: Sky News Australia
Uploaded by Sky News Australia on 20260719
Categories: News & Politics
Tags: 6401591139112, fb, msn, usa, world, yt
Sky News US Analyst Michael Ware says China’s energy shift is leaving it “far less reliant” on oil. “China’s revolutionised its economy,” Mr Ware told Sky News Australia. “Although it’s still guzzling oil, at the same time it’s far less reliant on oil for its energy needs. “We’re going to have to see some adjustments globally wi

In this video from News24 titled "China’s energy shift leaves it ‘far less reliant’ on oil", the speakers discuss global oil markets, geopolitical strategies, and energy diversification [00:10].

Oil

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Diversion and Pipelines: The discussion begins with an analysis of how ongoing pressures are driving the exploration of overland oil pipelines to bypass vulnerable shipping routes like the Strait o

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f Hormuz [00:10], [00:16]. Countries like Iran and Saudi Arabia are adapting, with Saudi Arabia exploring the installation of additional pipelines [01:25].

Iranian Oil Sales: Mention is made of sanc

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tions lifted from the United States on July 7, following which Iran reportedly generated billions of dollars in oil sales on the global market [00:53], [01:01]. While transactions are typically expe

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cted in hard currency, there is suspicion that some trade may involve Chinese currency [01:08].

China's Energy Transformation: The speakers highlight how China has revolutionized its economy [01:45]

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. Although it continues to consume significant amounts of oil, its overall energy needs have shifted, making the nation far less reliant solely on oil [01:45], [01:53]. This transition necessitates

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global adjustments regarding future expectations of oil supply and demand [01:53].

http://www.youtube.com/watch?v=3SQflrq-kJo

China’s energy shift leaves it ‘far less reliant’ on oil

News24 · 2.7K v

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Viewer Discussion & Comments

@stingray427man
who is this analyst lol you cant fight a war on green energy. You need oil and China doesnt have it. America knows this
@jaysquestion
They literally open 3 new coal mines a month while selling the rest of the world green energy products. How stupid are we?
@Jojoau648
China not buying oil is keeping the price down
@argustuft2394
China's leader is thinking about the next twenty years.
@TheKkpop1
Chinese scientists created gas energy from air. There are at least 6 methods of converting air to fuel.
@lukeh321
China burns 5 billion tonnes of coal annually, over 50% of global consumption. This guy is an idiot.
@Harien-fs6gn
China is country that open minds with any energies resources as long as the jobs security for their people are safe and country economy stays alive 😁✌️
@Not.FazedREAL
Not long now, and China will be the world's largest economy. So glad Australia chose China to be our best friend, rather than the USA.
@kateryan9988
Let's all further help the Chinese out by reducing any Made-in-China purchases whenever humanly possible.
@ronaldronz4599
America has lost the war in Iran
@jaysquestion
​ @ronaldronz4599  tell that to their 800 dead leaders and the record high inflation with record low dollar value 😂
@jaysquestion
​ @ronaldronz4599  tell that to the 800 dead leaders and the people living with record high inflation with a record low dollar value 😂
@JamesReeves-f1o
Leaders of renewables
@danieledmunds588
They are setting a good example
@oldbloke204
One of the things that reduced the severity of recent events was China reducing its daily imports of oil by about 1/3 while we panicked and the US basically drained its strategic reserves.