China, stronger economies to drive global oil demand growth in 2023, 2024: US EIA

The end of pandemic-related lockdowns in China is expected to spur travel and drive growth in global oil demand in 2023, while a brighter economic picture across the world next year will attribute to continued oil demand growth in 2024, the US Energy Information Administration said March 7. Liquid fuels consumption in China is forecast to be 700,000 b/d higher…