China’s reopening is set to add momentum to global economic growth, OPEC said on Tuesday, revising up its forecast for Chinese oil demand growth this year. “In the emerging economies, China’s reopening, following the lifting of the strict zero-COVID-19 policy, will add considerable momentum to global economic growth,” OPEC said in its closely-watched Monthly Oil Market Report (MOMR) today.
China’s oil demand is expected to average 15.56 million barrels per day (bpd) in 2023, up by 710,000 bpd compared to last…OPEC Is More Optimistic On China’s Oil Demand Growth In 2023
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