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Oil - United Arab Emirates’ main energy company says quick China demand rebound

Analytic Dave

May 11, 2023

Abu Dhabi National Oil Co (ADNOC) says demand in China has rebounded quickly this year with the economy’s reopening, particularly when it comes to jet fuel.

An executive director at ADNOC was speaking on Bloomberg TV on Wednesday.

In China, “there are mixed signals but, in particular, with domestic aviation we’ve seen a strong pick up in activity. For energy demand in that part of the world, I think the recovery is in the right place.”

---

Oil price update:

This article was written by Eamonn Sheridan at www.forexlive.com.

from Forexlive RSS Breaking News Feed https://ift.tt/kfz9iwg

Analytic Dave

AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.

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