China’s crude oil imports set to rebound up to 7 per cent in 2022, but coronavirus to delay recovery

Source: China – South China Morning PostChina’s crude oil imports could rebound by 6-7 per cent this year, reversing 2021’s rare decline as buyers step up purchases for new refining units and to replenish low inventories, analysts and oil company officials said.Robust demand from China, which accounts for a tenth of the global crude trade, would help underpin global oil prices, keeping supplies tight amid forecasts for a jump in crude prices.Demand recovery, however, is not expected until the second half of the year as China…Read More

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