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OPEC secretary general: China to account for 500-600 bps of new oil demand this year

OPEC secretary general: China to account for 500-600 bps of new oil demand this year

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Adam Button
07/03/2023 | 20:50 GMT
  • Comment from Haitham Al Ghais

Oil is down $3 today on US dollar strength and Powell but this is a worrisome comment as well. Some market watchers were hoping for as much as 4 mbpd in demand improvement from China this year.

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