HomeNewsOpinionChina’s COVID reopening won’t be enough to save oil markets

China’s COVID reopening won’t be enough to save oil markets

China’s long period as a driver of oil growth is near its end. Apparent domestic oil demand hasn’t appreciably expanded since hitting a plateau in early 2021

David Fickling

December 19, 2022 / 19:54 IST

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Petrochemicals, broadly defined to include everything that’s not a liquid fuel, account for another quarter of the barrel in the US and Europe. In China, it’s 42 percent. (Bloomberg)

David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. Views are personal, and do not represent the stand of this publication.

first published: Dec 19, 2022 06:11 pm

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China’s COVID reopening won’t be enough to save oil markets

China’s long period as a driver of oil growth is near its end. Apparent domestic oil demand hasn’t appreciably expanded since hitting a plateau in early 2021

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