June 06, 2024 11:59 GMT
China’s Road Traffic Well Above Previous Year: BNEF
OIL PRODUCTS
China’s road congestion continued to be stable in the week to June 5, ticking up around 1%, according to BNEF.
- This put congestion levels at around 139% of January 2023 levels.
- China’s congestion level remains elevated, standing around 20 percentage points higher than the same period in 2022.
- If seasonal trends persist, the coming weeks should see a further increase in congestion.
Source: Bloomberg
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