China’s economy won’t be riding to the rescue for oil producers any time soon

The price of Brent crude oil briefly dipped below the psychologically important $50-per-barrel mark in early trading today, extending its recent rout. And for any suffering oil-producing countries that are hoping that China’s energy-intensive economy might provide some relief: don’t hold your breath.

http://www.hellenicshippingnews.com/chinas-economy-wont-be-riding-to-the-rescue-for-oil-producers-any-time-soon/