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China's slowdown will not slake its thirst for foreign oil

Global supply stability hinges on Mideast producers sticking to growth plans

| China
Tugboats help a tanker to berth at an oil terminal in Zhoushan, China on July 18: This year's projected demand is well above that of 2020.   © Reuters

Vandana Hari is founder of Vanda Insights, a Singapore-based global energy market intelligence provider.

As China embraces the idea of a slower rate of economic expansion than was the norm for the Asian giant since the turn of the century, its once insatiable appetite for oil, the main driver of global demand growth, is starting to cool, providing much relief to a world now battling stubborn commodity price inflation and recessionary headwinds.

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