According to Reuters calculations, China’s implied demand for oil in December was up 19% at a record 9.6 million bpd. These figures give truth to the GDP figures which continue to show strong economic growth.
What does all this mean for the oil price and are we soon to hear those two controversial words “peak oil” uttered much more frequently yet again? A quick google brought up this article from someone who seems to know what he’s talking about.
