China Monetary Policy to Have Muted Impact on Oil, Goldman Says
This article is for subscribers only.
Chinese policy measures to contain inflation in 2011 will have a limited impact on oil-demand growth, Goldman Sachs Group Inc. said.
“The much bigger risk in the near term will come from the current exceptional strength in diesel demand, which could push Chinese oil demand to new highs in November and December,” the bank said today in a report.