China's imports of crude oil are set to increase as the country's own domestic production levels look to have peaked, a top investment bank says.
Nomura says 2016 could see all three Chinese oil majors struggling to produce more domestic oil, resulting in potentially higher-than-expected Chinese crude imports.
“China’s slowing economy has raised market concerns over the demand for oil. However, we believe these fears are overdone and expect China’s oil imports to remain robust heading into 2016,” says Nomura.
“But
