BLOG: China’s “appetite for pain” makes $35/bbl crude more likely

LONDON (ICIS)–Click here to see the latest blog post on Asian Chemical Connections. China is surprising many people with its “appetite for pain” – its willingness to cut back on credit growth. This will continue during the rest of 2017 as strong GDP growth so far this year has given China lots of room to slow down. One the effects of the slowdown could be $35/bbl crude by the fourth quarter.

Editor’s note: This blog post is an opinion piece. The views expressed are those of the author, and do not necessarily represent those of ICIS.