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China crude

China remains the biggest driver of oil prices | OilPrice.com

On Thursday, oil prices stabilized at their highest level Since December 1, the market is turning bullish due to China’s demand for oil this year. Analysts say that reopening in China will drive oil demand growth and push oil higher if most advanced economies can avoid recessions. China likely accelerated the pace of stockpiling crude …

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China crude storage

China’s reopening may not lead to a big jump in oil prices | OilPrice.com

China has gone through three distinct phases in its response to COVID-19 since the first small cluster of ‘pneumonia’ cases were reported by the Wuhan Local Health Commission in Wuhan City, Hubei Province on December 31, 2019. The first phase was the rapid implementation of the policy “zero-COVID” that allowed the rapid economic recovery from …

China’s reopening may not lead to a big jump in oil prices | OilPrice.com Read More »