Robust Chinese fuel demand cushioning oil market once again ...Qatar

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Robust Chinese fuel demand cushioning oil market once again
China’s rapid rebound from the Covid-19 pandemic last year helped pull the global oil market out of its downward spiral and put it on a path to recovery. With the coronavirus once again flaring up across Asia, the region’s biggest economy is acting as a bulwark once again. Fuel consumption has risen as domestic travel picks up across China, with residents confident localised outbreaks will be dealt with swiftly. The nation is also forecast to import more crude this year than in 2020 due to the economic recovery, as well as a steady expansion of refining capacity. Booming holiday travel and greater mobility has pushed motor fuel prices back to pre-pandemic levels. Wholesale gasoline rose to

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