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China Energy Demands Key to Oil Price Boost
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China Energy Demands Key to Oil Price Boost

Economy

China Energy Demands Key to Oil Price Boost

China Energy Demands Key to Oil Price Boost
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  • <iframe src="https://www.npr.org/player/embed/4526924/4526925" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

China's growing demand for oil is a major factor in the recent jump in the price of oil, and there is little OPEC can do to stop it. Global crude oil prices are nearing the record-high price reached just months ago, and some industry analysts believe the average price for a barrel of gas could climb much higher.

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