Slower demand growth in China has a significant effect on the ongoing oil crisis, but growth in India is expected for decades to come. Pictured, Indians spend time near a beach in Mumbai, India on March 14, 2009. File photo by Mohammad Kheirkhah/UPI There has been an enormous amount of analysis and discussion regarding the supply side of the oil markets, but many commentators fail to take into account the changes on the demand side, which have also impacted the price of oil. While it is certainly true that the supply glut has helped depress oil prices, the reality is that slower demand growth is also playing a major role in the ongoing oil crisis. For years, commodities markets including oil have relied on consistent strong growth among emerging economies to help absorb increasing supplies in everything from iron to oil. Today, China is on the verge of becoming […]