China to see modest recovery in short-term oil demand, new COVID-19 cases a concern
China’s demand for transportation fuel may increase slightly in the near term as the country has accelerated efforts towards reopening and reviving its economy and restoring normalcy for its citizens, analysts and traders told S&P Global Commodity Insights. However, the recovery in oil demand may not be sharp in December and January amid rising COVID-19 cases, they added. Beijing announced…