World’s Top Oil Consumers Exceed Pre-Pandemic Demand Levels ...Middle East

Some of the world’s biggest oil consumers, led by China, have already exceeded pre-pandemic consumption levels, Bloomberg reports, citing consultancy SIA Energy. “The worst for Asian fuel demand is over and we see a soft recovery of oil demand in the coming months,” SIA Energy analyst Sengyik Tee said, noting that he expected a 13-percent jump in Chinese oil consumption in the fourth quarter of the year—and not from a year ago but from 2019, before the pandemic started. U.S. demand for oil is also on a solid rebound thanks…

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