The vast disparity between China’s oil needs to power its economy and its lack of oil reserves has meant that its economy has been a key driver for oil prices since the mid-1990s. This was when China’s then-leader Deng Xiaoping spearheaded a broad reforming agenda across the country’s economy that almost single-handedly created and sustained the commodities ‘supercycle’, as analysed in depth in my new book on the new global oil market order.
China’s economic growth-led energy needs resulted in its becoming…Will China’s Rumored Economic Stimulus Boost Oil Prices?
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