RT by @MFA_China: Mehreen Khan makes a good point: China helped stabilise global oil by NOT buying. But the real hedge wasn’t just stockpiles. China’s real energy transition—EVs +

Mehreen Khan makes a good point: China helped stabilise global oil by NOT buying. But the real hedge wasn’t just stockpiles. China’s real energy transition—EVs + renewables—is structurally reducing oil demand, so they could afford to depend less on oil import.