Labourers work at a refinery in Jingmen in central China’s Hubei province in December 2006. The pick-up in Chinese manufacturing and growing demand for electricity will boost global demand for oil. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

One reason oil prices might buck the downward trend – demand from China

  • With global growth predicted to slow, oil prices are expected to drop. However, disruptions to oil supply due to factors such as US sanctions on Iran and Venezuela, and rising electricity consumption in China, could cause a rise in prices

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Labourers work at a refinery in Jingmen in central China’s Hubei province in December 2006. The pick-up in Chinese manufacturing and growing demand for electricity will boost global demand for oil. Photo: Reuters
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