Journal Article

Asian nations driving world oil prices

Abstract: The rapid growth in China and India has led to an increase in demand for oil, which, in turn, has driven up prices. After adjusting for inflation, a barrel of oil today costs about what it did during the 1979 oil shock.

Keywords: China; India; Petroleum products - Prices;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2007

Issue: Apr

Pages: 12-13