TradeWinds News: China’s ‘explosive’ oil demand growth set to moderate, says Poten

May 1, 2023

Since the lockdowns were lifted, the economic outlook for China has improved and with it oil demand growth, according to Poten & Partners.

Poten says China will “remain a force in the oil (and tanker) markets for years to come” but factors such as an ageing population and the growth of electric vehicles are set to temper demand.

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