Loading ...China Signals Surge In Oil Demand With 20% Increase In Refiner Oil Import Quotas
China issued a substantial increase in the quota for its crude imports, the clearest sign yet that Chinese refiners are set for a material increase in output (and a surge in demand for oil) as the nation moves away from its Covid Zero policy.
Global oil futures benchmarks Brent and WTI both gained than $2 a barrel on early Monday trading