Asia: China's Diesel Demand Slow to Pick Up as Gasoline, Jet Take Off

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Chinese gasoil/diesel demand has been slow coming out of the gate after the easing of pandemic restrictions. Demand is picking up now that the Chinese New Year (CNY) celebrations are over, factories reopen, truck deliveries resume and construction activities rise. The Brent oil price has been rising on the expectation that the unexpected end to Covid-19 restrictions in December would immediately lead to higher fuel demand. By mid-February, however, doubts over the speed of the nation’s fuel consumption growth dampened global market sentiment.

Diesel/Gasoil, Oil Demand, Oil Products, Oil Supply
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