China’s Oil Demand May Rebound If Shanghai Reopens In June ...Middle East

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China’s Oil Demand May Rebound If Shanghai Reopens In June
source : OILPRICE ( Middle East ) () 14
Shanghai is expected to return to more or less normal life as of June 1, the deputy mayor of China’s financial hub with 25 million residents said on Monday—and a reopening could incentivize oil demand in the world’s top crude importer after weeks of depressed fuel consumption weighing on global oil prices.   As of June 1, Shanghai authorities are set to allow a broad reopening with gradual increases in domestic flights after saying that 15 out of 16 districts have eliminated COVID infections outside areas of quarantines,…

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