‘The Chinese Are Buying Everything In Sight’: Xi Conjures Astounding Oil Demand Recovery
Chinese oil demand is back to pre-virus levels, if you can believe it.
Or if it's not there yet, it's well on the way. That's according to sources familiar with the country's energy industry who spoke to Bloomberg.
"The country’s quick turnaround has helped tighten the petroleum market sooner-than-expected", a market-moving article out Monday reads.
It's a "remarkable" feat, Bloomberg goes on to say, in the course of reminding you that demand from China (the world's second largest consum
Makes sense, you lose a ton of efficiency with a disaster like this. Getting anywhere near back to functional means massive energy consumption. Even more so than the energy not used during the slow down.
V shaped recovery!