The Shifts of the Oil Market

Publication house: Social Sciences Academic Press (China)

Author: Feng Xuming

Published: February 2017

Introduction:

The Shifts of the Oil Market: Insight into China in the World Economy is a book about the oil economy that elaborates on topics such as the distribution of oil resources, oil production and consumption, the microstructure of the oil market, the determination and impact of global oil prices, and the economic rise and decline of oil countries, among others. However, this book is about far more than just oil—it is more a book about China in the world economy. On the one hand, the oil market is deeply influenced by the macroeconomy, and thus studies and discussions of oil-related issues cannot be separated from the macroeconomy. On the other hand, through numerous years of economic research, the author has increasingly found that the oil market is a lens through which to perceive the macroeconomy, where oil prices can be seen as the pulse of the world economy.