The world’s second-largest crude consumer has been rapidly recovering from the pandemic restrictions Global oil producers may have to reconsider their output policies if demand in China recovers, Reuters reports, citing the International Energy Agency (IEA). The warning comes as the OPEC+ alliance of major oil-producing nations, led by Russia and Saudi Arabia, decided last week to maintain output at current levels. “We expect about half of the growth in global oil demand this year will come from China,” the IEA’s executive director, Fatih Birol, told the media outlet on Sunday on the sidelines of the India Energy
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