The Main Factor Impeding China’s Recovery In Oil Demand

Capt. John
  • Platts Analytics cuts Sep demand projection by 200,000 b/d
  • May further lower estimates: analysts
  • Eased controls possible after congress, but zero COVID-19 to remain

A wave of new COVID-19 cases in China could dampen demand growth for oil-related products during the usual high season of consumption in September and October before the 20th Communist Party congress.

Lowered demands 

Analysts in Beijing, Shenzhen, London and Singapore have lowered their key oil products demand estimates by up to...

https://mfame.guru/new-covid-19-cases-may-impede-chinas-oil-demand-recovery/

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