China will remain at the heart of energy market for decades

Last August, China devalued its currency. This shocked the market as analysts interpreted this move as a means to stimulate China’s exports and its economy. The Chinese Yuan has been on an upward track for a decade when the country grew to become the second largest economy in the world. As the government is growing concerned about slow growth, it decided to cut the value of its currency by 2 percent. On energy front, the current picture is a reminder that prices in all energy markets are set by the balance of supply and demand. China is the most important country on the demand side

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