Chinese oil demand faces bumpy road to recovery as Covid curbs ease

Chinese Oil demand is expected to pick up as the world's largest crude importer pivots away from its strict Covid Zero policy

Oil demand in China is expected to pick up as the world’s largest crude importer pivots away from its strict Covid Zero policy, although analysts caution that it may take time for gains to kick in.
 

Energy Aspects Ltd. boosted its first-quarter outlook by 260,000 barrels a day, according to a Dec. 12 note from analysts including Jianan Sun. The revision centers on gasoline and jet fuel as mobility increases, with the latter expected to rise to about 750,000 barrels a day from a low base of 450,000 barrels.

Increased energy consumption in Asia’s biggest economy following the abrupt shift