China & India will be the two countries dictating oil prices in 2020 ...News

Russia Today - Economy
China & India will be the two countries dictating oil prices in 2020
source : Russia Today ( News ) () 75
The new OPEC+ deal and rising shale production have been stealing the headlines in the second half of 2019, but on the demand side, China and India are just as important. It’s the end of the year and authorities of various caliber and standing are making oil price forecasts for next year. This wealth of information can be confusing because of its sheer quantity, but here’s a twist: it’s enough to focus on trends in just two countries to catch a glimpse of the immediate future of oil. The two countries, of course, are China and India. They are among the world’s top oil consumers, together accounting for almost a fifth of global oil cons

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