CHINA TO BOOST GLOBAL OIL DEMAND
China is set to record a global oil boost demand due to the lifting of COVID restrictions.
According to the International Energy Agency, Russia and China are the two wild cards to dominate the 2023 oil market outlook.
They added, China will drive nearly half this global demand growth even as reopening remains uncertain.
China’s expected reopening is set to fuel rebounds in nearby Asian communities and take the lead as the world’s leader in oil demand growth.
However, weak industrial activity and mild weather accustomed to cutting nearly a million barrels of oil per day in the Organization for Economic Co-operation and Development in the last quarter of 2022.
Related Posts
Dangote Cement Unveils New State-of-the-Art Cassava Processing Plant in Ogun
Dangote Cement Plc has commissioned a modern cassava processing plant in Ogun State as part of its commitment…
By
Hennie Nel Takes Helm as SanlamAllianz new CEO
SanlamAllianz has announced the appointment of Hennie Nel as its next Chief Executive Officer, marking a significant leadership…
Norrenberger Pensions hires Afolabi Folayan as new MD & CEO
Norrenberger Pensions has announced the appointment of Afolabi Folayan as the new Managing Director and Chief Executive Officer…
NEF calls for inclusive funding to unlock growth for SMEs
The National Empowerment Fund (NEF) has urged for a more accessible and responsive funding ecosystem in South Africa,…
Gallery
