China expected to account for 40% of this year’s oil demand recovery
LONDONĀ – China is expected to account for around 40 percent of the increase in global oil demand this year as its economy emerges from strict lockdowns, but the increased use will not take prices back to 2022 levels, consultancy Wood Mackenzie said on Thursday. In a base-case scenario, China’s economy will grow by 5.5 … Continue reading China expected to account for 40% of this year’s oil demand recovery
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