China is missing ingredient in oil's recovery from six-year low
And sliding US shale output could reverse as prices rise, smothering gains made
Add BT as a preferred sourceNew York
OIL bulls who have cheered a rebound of 40 per cent from a six-year low should take heed: unless demand accelerates, the rally is in danger.
The omens aren't good. The US government expects global consumption to grow next year at less than half the rate of 2010, when the world was emerging from a previous recession. The growth is insufficient to close the gap with rising supply, according to Royal Dutch Shell Plc, Europe's biggest energy producer.
TRENDING NOW
Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
When every phone becomes a satellite phone, what happens to Asia’s telcos?
‘How come you’re so young?’: Gen Z couple takes on Singapore’s established bullion dealers
