News Snapshot:
Message Analysis The outlook for global oil prices depends on the Chinese economy, the Iran nuclear deal and the war in Ukraine. On August 15, world oil prices fell on speculation that lower industrial production in China would reduce global demand. China’s economy has been in decline for most of the year, putting pressure on global oil prices even as Russia’s war in Ukraine pushes prices higher. China – already suffering from a debt crisis, a housing crisis and reduced industrial activity brought on by the ongoing COVID-19 lockdowns – is also facing water shortages and an energy crisis as...
