Diesel Demand Outlook Darkens On China Slowdown ...Middle East

Forecasters are revising their diesel demand outlook for the rest of the year on slower-than-expected Chinese economic growth, Reuters has reported, noting this would mean exports of the fuel from China would likely remain robust. Citing data from Rystad Energy and the IEA, the report said that the weak growth in demand for the fuel that keeps economies going will likely extend into 2024. According to Rystad Energy, demand for diesel in China will grow by 3.81 million bpd in the second half of the year. That’s down from an earlier forecast…

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