Oil stares at a bleak future as China’s economy sputters. The good news: A market ‘bust’ is unlikely

As the world’s oil traders and analysts gathered at the annual Asia Pacific Petroleum Conference in Singapore last week, the slump in oil and where it was headed was foremost in everybody’s mind. China, the main engine driving the world’s oil demand, has been sputtering. In the International Energy Agency’s most recent September report, year-on-year ...