The Single Most Important Factor For Oil Prices This Year

China’s economy and oil demand will be the single most important driver of oil prices this year, even if OPEC+ manages to push prices upwards, according to Fatih Birol, the Executive Director of the International Energy Agency (IEA). “There are many uncertainties, as usual, when it comes to the oil market, and if I have to pick the most important one, it’s China,” Birol told Bloomberg TV in an interview on Wednesday. “If the Chinese economy weakens, or growth is much lower than many international economic institutions…