Wood Mackenzie's Sivanandam Sees Oil Above $50 for 2017

The transcript discusses OPEC's likely decision to extend production cuts to stabilize the oil market, emphasizing the importance of compliance and the potential impact on oil prices. It highlights the role of supply in 2017's oil price dynamics, with demand expected to grow by 1.4 million barrels per day. The discussion also covers China's significant role in oil imports, noting a recent decline in demand, and identifies China, India, and the US as key pillars of demand growth. The impact of India's demonetization on demand is also considered.

What is the expected oil demand growth for China in 2017 as mentioned in the text?

What challenges does India face in terms of oil demand growth according to the discussion?