Even if the OPEC+ coalition manages to remove as much as 2.1 million barrels of oil per day from the market in the first quarter next year, oil prices may not move much higher if demand growth in key importing countries continues to stutter. China’s oil demand growth has largely driven the weaker global growth this year, with imports hitting a record last month. But the world’s second most important demand growth driver and the third-largest oil importer, India, has seen oil demand growth faltering amid an economic growth slowdown that has now continued for sixth consecutive quarters. OPEC+ cuts or not, if India’s ... (full story)