Solid demand in China, India, and Japan lifted global oil demand by 1.7 million barrels per day (bpd) in November to the highest level since February 2022, new data from the Joint Organizations Data Initiative (JODI) showed on Thursday. China’s oil demand rebounded by almost 1 million bpd in November compared to October, while Chinese crude oil imports surged to a 20-month high, according to the JODI data shared by the Riyadh-based International Energy Forum (IEF). In China, oil demand rose by 985,000 bpd in November to a nine-month…
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