China’s oil demand to face downward pressure on rising COVID-19 cases: analysts

China’s appetite for domestic oil consumption may remain subdued for an extended period following the rising number of confirmed COVID-19 cases, but analysts and trade sources told S&P Global Commodity Insights Nov. 28 that the current situation won’t alter Beijing’s stance on pursuing a zero-COVID policy. While more and more analysts are adjusting their oil demand projections for China downwards…