Andre Mayer spoke to Macdonald about his new ebook, Oil Fall, and how changes in China are reverberating in the oil industry. What happened in 2018 that you believe was significant for global oil consumption? I believe that when the global oil market spotted what … started to unfold in China in late summer, I believe that the global oil market had to start repricing future demand growth for oil. The global oil industry has been living on the prospect of further Asian demand growth. But I'm going to express some confidence here and say the break in the oil growth for China changed the [global] forecasts for demand growth.

Source: CBC News January 11, 2019 09:00 UTC