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OIL PRODUCTS: China’s Road Traffic Level Posts Third Weekly Gain: BNEF

OIL PRODUCTS

Road traffic in 15 key Chinese cities posted a third consecutive week of growth in the week to Sep. 4, Bloomberg said.

  • Congestion levels rose 10 percentage points week-on-week to 125% of January 2021 levels.
  • Despite the upward trajectory, traffic levels remain lower than the same point in 2023, Bloomberg said.

 

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Road traffic in 15 key Chinese cities posted a third consecutive week of growth in the week to Sep. 4, Bloomberg said.

  • Congestion levels rose 10 percentage points week-on-week to 125% of January 2021 levels.
  • Despite the upward trajectory, traffic levels remain lower than the same point in 2023, Bloomberg said.

 

Keep reading...Show less