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Friday, September 15, 2017

China plans to cut oil demand by 10% in 2020.

https://www.reuters.com/article/us-china-biofuels/china-sets-2020-target-for-nationwide-ethanol-use-to-cut-corn-stocks-idUSKCN1BO03R

China will impose ethanol use to reduce oil demand in 2020.  This will definitely impact the oil and corn prices in the future.  However, this will be a good news for the environment.

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