Rising demand in China and the United States sent global oil demand surging by 3 million barrels per day (bpd) in March compared to February and hitting the highest level on record, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. Total product demand in China jumped by 1.6 million bpd month-on-month to 16.79 million bpd in March, showed the JODI data shared by the Riyadh-based International Energy Forum (IEF). The estimated Chinese demand was the third-highest level ever reported for the country in JODI. China’s…
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