Does the World Need More Oil?
... deliver an even greater economic slowdown. Against this background, expecting any significant increase in demand for oil from China seems rather unreasonable. We can hardly expect a significant increase in imports by the second main oil consumer – ... ... has substantially increased oil imports in 2015. Nevertheless, even such a large economy cannot reverse this bearish trend. Russia will not turn the tide on the oil market; rather it will exacerbate the current situation. For now, two major actors account for the main market uncertainty: OPEC, whose policy has literally shaken the market in July 2015, and the United States with its shale revolution and unpredictable ...