Will China's Oil Demand Connect the BRICs?
China's oil demand growth is so fast, Usain Bolt gave up his Olympic medal to it!
All kidding aside, the growth numbers for Chinese oil demand are staggering: 44% of the world's oil demand growth over the past 10 years came from China. To meet that demand, it has increasingly looked to the fellow BRIC countries -- which stands for Brazil, Russia, India, and China -- to satisfy that demand. Between the $270 billion deal PetroChina just signed with Rosneft and the increased presence in Brazil, Chinese oil companies are trying to stake claims in some of the most promising oil and gas regions.
While investing in Chinese oil may not be on your list as a potential stock thesis, there are some ways that investors can capture value from this. Tune into the video below where Fool.com contributors Tyler Crowe and Aimee Duffy discuss why recent oil moves from China matter and three companies that could stand to actually benefit from these recent moves.
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The article Will China's Oil Demand Connect the BRICs? originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter @TMFDuffy and @TylerCroweFool, respectively.The Motley Fool recommends Petroleo Brasileiro S.A. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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