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Oil industry is losing the burn of Asian demand

Market participants say it is not just cyclical phenomenon but also a product of more permanent structural changes
Friday, July 8, 2016 - 05:50
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After half a year of strong oil price rises, Asian crude demand is slowing and by some measures falling, and many market participants suspect that it is not just a cyclical phenomenon, but also a product of more permanent structural changes.

Tokyo

AFTER half a year of strong oil price rises, Asian crude demand is slowing and by some measures falling, and many market participants suspect that it is not just a cyclical phenomenon, but also a product of more permanent structural changes.

With years of annual economic

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