I posted earlier on how the world’s biggest independent oil trader, Vitol, views oil usage:Oil Market Trends: Vitol research reveals pre-pandemic intensity returnA little more now, this time on China:expects net additions of gasoline-fueled cars in China to rise by 12 million units this year and by 11 million in 2024there are some concerns about China's construction sector but there are "green shoots of hope" for the nation's oil demandgasoline and jet fuel consumption is still growingOil price update, not catching much of a bid from China optimism for now: This article was written by Eamonn Sheridan at www.forexlive.com.
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