China’s Economic Upswing May Not Boost Oil Prices

The massive disparity between China’s enormous economy-driven energy needs and its minimal level of domestic oil and gas reserves meant that the country was the key driver of the 2srcsrcsrc-2src14 commodities ‘super-cycle’, characterised by consistently rising price trends for commodities. As late as 2src17, China’s high rate of economic growth allowed it to overtake the US as the largest annual gross crude oil importer in the world…
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From Reuters