If the Arab oil-weapon felt like a hammer-blow, this time stagnant oil output and growing emerging-market demand have squeezed the oil market like a vice.

• 如果阿拉伯世界的石油武器是一个重锤，那这个时期石油产出的停滞和新兴市场逐渐增加的需求已像一个老虎钳挤压着石油市场。