Chinese Oil Demand In 2023 May Have Already Peaked ...Middle East

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Chinese Oil Demand In 2023 May Have Already Peaked
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Chinese oil demand for this year may have already peaked and could ease this quarter amid China’s continued struggles to significantly boost its economy after ending the Covid restrictions, analysts have told Bloomberg. The prospect of weaker oil demand growth in the world’s largest crude importer is bad news for oil market bulls.   Chinese oil demand for 2023 likely peaked at 16.4 million barrels per day (bpd) in the second quarter, Jianan Sun, an analyst with Energy Aspects, told Bloomberg. This quarter, demand is set to decline…

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