Covid Erodes China's Demand for Crude and Products

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Steve Heap/Shutterstock

China's demand for crude has tumbled as refineries process less feedstock because of weak domestic refining margins and a slump in demand for refined products caused by widespread coronavirus lockdowns.

Oil Demand, Crude Oil, Refining, Oil Products
Wanda Ad #2 (article footer)
Western sanctions have held up development of Harbour Energy's Tuna gas project, in which the Russian company holds a 50% stake.
Wed, Sep 20, 2023
Powell says the higher oil price is a “significant thing” but that the central bank tends to “look through” energy moves if they reflect short-term volatility.
Wed, Sep 20, 2023