Iran Crisis Guide Things That Matter
Comment of the Day

June 05 2019

Commentary by Eoin Treacy

Iran Crisis Guide Things That Matter

Thanks to a subscriber for this report from RBC which may be of interest. Here is a section:

Eoin Treacy's view

A link to the full report is posted in the Subscriber''s Area. 

The biggest issue for oil prices right now is the risk of slowing Chinese demand growth and what that means for global demand growth. Auto sales in China are declining. Regardless of whether that is because of regulatory restrictions on purchases or because of slowing growth the reality is we are seeing fewer cars being sold. With thousands of jobs being lost at auto makers that is both a factor for oil demand growth but doubly so because of the impact on GDP growth.

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