Chinese fuel demand will continue to expand this year, despite COVID lockdowns and weak economic data for April, says PetroChina, the country’s biggest oil and gas refiner. "With the improvement of the COVID situation, refined product inventory is now showing a downturn," Reuters quoted Ren Lixin, vice president of PetroChina, as saying during a Friday briefing.
Shanghai is still on lockdown, but COVID case numbers are trending downward, and city officials have indicated that restrictions could be lifted soon but that a ‘zero-COVID’…PetroChina Sees Fuel Demand Rising In China Despite COVID
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