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OIL PRODUCTS: China’s Road Traffic Dives Amid Golden Week Holiday: BNEF

OIL PRODUCTS

Road congestion in the 15 Chinese cities with the highest number of vehicle registrations fell by 52 percentage points on the week to 83% of January 2021 levels, BNEF said.

  • While the Golden Week-driven decline was dramatic, it was similar to the drop during the holiday seen last year, BNEF added.

 

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Road congestion in the 15 Chinese cities with the highest number of vehicle registrations fell by 52 percentage points on the week to 83% of January 2021 levels, BNEF said.

  • While the Golden Week-driven decline was dramatic, it was similar to the drop during the holiday seen last year, BNEF added.

 

Keep reading...Show less