By , January 26, 2016
Chinese diesel demand showed another drop in year-over-year consumption. This is not unreasonable given the well known goal of the Chinese government to shift toward a more consumer driven economy. The broader implication is that this trend exacerbates pressure on oil markets. Saudi Arabia appears to be settling in for the long term of lower prices by adjusting exploration projects and keeping production high.
It is important to note that decline was smaller month-over-month, and declines should moderate as the Chinese economy finds a balance.
Other posts from
April 24, 2017
April 24, 2017
The start of the year saw a continuation of positive returns in the first quarter as global markets speculated on a spark in world growth initiated by the election of Donald Trump in the United States. Trump’s unique background and style suggested that the new president would be able repair some of the historically wide rift that has separated Republicans and Democrats.
January 12, 2017
During the first quarter, U.S. equities continued the strong advance experienced during the fourth quarter of 2016.
For the three months ending March 31st, the Dow Jones Industrial Average posted a 4.6% gain while the S&P 500 Index rose 5.5%. The stock market has been resilient due to robust corporate earnings as well as employment growth and positive economic data which have undergirded this upward advance.
Equity markets finished 2016 on a high note as markets rallied on a shocking surprise in the U.S. election. The election of Donald Trump for President of the United States was the most recent example of “low probability” events actually occurring and disrupting markets. This happened a few times in 2016, but none so dramatic as the Trump victory.