The Two Countries Dictating Oil Prices In 2020

It’s the end of the year and authorities of various caliber and standing are making oil price forecasts for next year. This wealth of information can be confusing because of its sheer quantity, but here’s a twist: it’s enough to focus on trends in just two countries to catch a glimpse of the immediate future of oil. The two countries, of course, are China and India. They are among the world’s top oil consumers, together accounting for almost a fifth of global oil consumption, as Reuters’ John Kemp noted in a recent…