When this happens, you’ll know the oil industry is in trouble again (USO, WTI, OIL, VDE, BNO)
|09/17/2016||Posted by BusinessMediaguide.Com under General World News||
India has been described as the “bright spot” in the global economy, given its booming services sector.
And compared to the rest of the world, its demand for crude oil also stands out.
In the first quarter, India’s demand grew at the fastest pace since 2007.
But a slowdown in India’s oil demand could foretell a bigger trend, and more pain for the industry, according to Aidan Garrib, global market strategist at Pavilion Financial Corp.
“India has really been the bright spot among EMs, but also generally in terms of just global economic growth,” Garrib said.
“If you start seeing read more >>>