Free Trial

Chinese Oil Demand To Grow By 1mbpd in 2Q23

OIL

Chinese oil demand is forecast to grow by almost 1mbpd in 2Q23 and by 0.8mbpd in 3Q23, driving global oil demand growth this year according to OPEC’s Monthly Oil Market Report.

  • Chinese crude oil imports in February partially recovered from the decline at the start of the year to average 10.7mbpd.
  • Indian oil demand is expected to grow by 0.3mbpd on average in the second and third quarter of this year.
  • Indian crude oil imports rose to the highest level in ten months, averaging around 5mbpd in February.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.