Oil demand in the world’s top crude oil importer, China, is expected to decline by 1.2 million barrels per day (bpd) in April from a year ago—the largest hit to demand since the Wuhan lockdowns at the beginning of the pandemic, Bloomberg reported on Friday, quoting sources with inside knowledge of the Chinese energy industry. China’s gasoline, diesel, and jet fuel demand is set for a 20-percent plunge this month compared to the consumption in April 2021, Bloomberg’s sources say, as authorities continue to pursue a “zero…
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