Does the World Need More Oil?
... of sanctions against Iran, disappointment in the pace of growth in the Chinese economy, the situation in the Middle East, and OPEC member countries’ policy. Meanwhile, the oil price is a key factor determining the economic development of many countries,... ... thing is clear: Russia will not turn the tide on the oil market; rather it will exacerbate the current situation. Factor 5: China’s growth rate Reuters China’s rapidly developing economy and growing role as a major oil importer is one of ...