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
VFD Group appoints Ijeoma Emezie-Ezigbo as new Deputy Managing Director
VFD Group has appointed Ijeoma Emezie-Ezigbo as Deputy Managing Director, bringing a seasoned deal-advisory leader into its executive…
ByAnne Juuko leads East African Development Bank as new CEO
The East African Development Bank has appointed Anne Juuko as its new chief executive, placing a seasoned banking…
Etihad, Ibom Air sign new Interline agreement linking Nigeria to global network
Etihad Airways, the national carrier of the United Arab Emirates, and Nigerian airline Ibom Air have signed an…
Lazola Sikupela takes new role of HR Director, Africa at Diageo
Diageo has promoted Lazola Sikupela as Human Resources Director for Africa, elevating a leader who has risen through…
Gallery
