Will China’s Rumored Economic Stimulus Boost Oil Prices?

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…