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China’s Road Traffic Steady on Week: BNEF

OIL PRODUCTS

China’s road congestion held steady in the week to May 29, according to BNEF.

  • This puts it at around 138% of January 2021 levels, BNEF added.
  • China’s traffic levels remain elevated, standing roughly 14 percentage points higher than the same period in 2023.
  • Should seasonal trends continue, congestion should be largely stable in the coming weeks.

Source: Bloomberg

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