Oil prices dipped further this morning in reaction to low IMF global growth forecasts.
Worldwide one country is closely watched in terms of its impact on the global oil price. As the world’s largest oil importer, China plays a pivotal role in determining demand in the global market, and consequently the price of oil. Chinese growth forecasts are the lowest in years however, with growth at 7,4% last year.
Anadolu News Agency from Turkey spoke to Sijbren the Jong how the Chinese low growth forecast is likely to impact the price of oil. The full interview can be read here.
Experts
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