China is expected to be the leading contributor to an expected increase in the consumption of oil. A former economist at the World Bank said Chinese economic growth could continue at full steam despite a recent slowdown. A string of mid-quarter reports suggested the Chinese economy was on a downward trajectory, though recent indications of optimism sparked talk of an Asian revival. China will need more energy to fuel its economic growth. A move by Middle East producers to court Chinese energy companies suggests Beijing is pulling the world’s economic engines from the grip of the West.

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