Oil Near $100: China’s Demand Story Doesn’t Add Up | Art Berman

Oil Near $100: China’s Demand Story Doesn’t Add Up | Art Berman

From Wealthion - Be Financially Resilient by Wealthion

September 8, 2026 · 9 min

About this episode

Art Berman discusses the implications of China's weakening oil demand and its effects on global oil prices.

Oil is back near $100 — but Art Berman says one of the biggest stories in the global oil market may be getting misread.In this conversation, the veteran energy analyst challenges the idea that China has simply managed the oil shock by drawing on massive strategic reserves. Instead, Berman points to sharply lower refinery runs and argues that the more important signal may be weakening Chinese demand for gasoline, diesel and jet fuel.Is China rationing energy? Is its economy slowing more than markets realize? Or is it both?Berman explains why the answer could have major implications for oil prices, global demand and the broader energy outlook.💡 Art Berman warns that falling Chinese refinery activity could be signaling much weaker oil demand than headline numbers suggest — with major implications for crude prices, energy markets and the global economy. Sign up for a free portfolio review with one of Wealthion’s trusted advisors to see whether your portfolio is positioned for what comes next: https://bit.ly/4xFx2JrChapters:0:00 China’s Oil Demand Warning0:30 Why China’s Oil Story Doesn’t Add Up1:30 The 4 Million Barrel Oil Comparison2:17 Why Refinery Demand Matters More Than Crude…

People in this episode

Host: Wealthion

Guest: Art Berman

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Mentioned in this episode

Organizations: Wealthion

Places: China

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