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1. • • Most economists expect growth to remain sluggish in the first quarter of 2023 before picking up over the rest of the year. The rebound in Chinese demand could lead to a tighter global oil market as the “full impact” of Western sanctions on Russian oil starts to bite, the IEA said in the report.
     www.cnn.com/2023/01/18/energy/oil-record-demand-iea/index.html

     Global oil demand could hit record high as China reopens - CNN

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   Will a rebound in Chinese demand lead to a tighter global oil market?

   • Most economists expect growth to remain sluggish in the first quarter of 2023 before picking up over the rest of the year. The rebound in Chinese demand could lead to a tighter global oil market as the “full impact” of Western sanctions on Russian oil starts to bite, the IEA said in the report.

   Global oil demand could hit record high as China reopens

   www.cnn.com/2023/01/18/energy/oil-record-demand-iea/index.html

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   Will China's economic rebound affect oil prices?

   • The IEA expects global oil demand to increase faster than expected this year to reach 102 million barrels per day. The IEA does not stress that the current economic rebound in China may not be like any other that has gone before. For many years now, the state of China’s economy has been one of the most important determinants of the oil price.

   China Drives Rebound In Global Oil Demand, But There’s A Catch

   oilprice.com/Energy/Crude-Oil/China-Drives-Rebound-In-Global-Oil-Demand-But-Theres-A-Catch.html

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   How much will China's oil demand rise in 2023?

   • The International Energy Agency estimates that China’s oil demand will rise by nearly 850,000 b/d in 2023, making up about half of global demand growth. An economic rebound would naturally have big oil market implications.

   China Holds the Key to Global Energy Demand - CSIS

   www.csis.org/analysis/china-holds-key-global-energy-demand

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   Will half of global oil demand come from China?

   • "We expect about half of the growth in global oil demand this year will come from China," Birol said. OPEC+ — or the Organization of the Petroleum Exporting Countries and its allies, including Russia – have been slashing oil output by 2 million barrels per day as part of an oil production target set in October.

   OPEC+ May Lift Oil Output As China Demand Looks Set to Rebound: IE…

   markets.businessinsider.com/news/commodities/opec-oil-output-china-demand-rebound-reopening-market-fatih-birol-2023-2

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3. www.cnn.com › 2023/01/18 › energyGlobal oil demand could hit record high as China reopens - CNN

   www.cnn.com › 2023/01/18 › energy

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   Jan 18, 2023 · The rebound in Chinese demand could lead to a tighter global oil market as the “full impact” of Western sanctions on Russian oil starts to bite, the IEA said in the report.

4. oilprice.com › Energy › Crude-OilChina Drives Rebound In Global Oil Demand, But There’s A Catch

   oilprice.com › Energy › Crude-Oil

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   May 22, 2023 · According to the agency, global oil demand – supported by rising Chinese demand – will increase by 2.2 million bpd year on year in 2023, some 200,000 bpd higher than its previous month’s...

   • Author: Simon Watkins

5. Videos

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     1:07

     bloomberg.com

     Oil Demand to Top Estimates on China Rebound: IEA

     May 16, 2023

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     1:57

     cnbc.com

     Much of global oil demand 'starts and stops' with China — and it's been choppy, strategist says

     Dec 10, 2023

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     3:07

     cnbc.com

     China and the developing world seen as real drivers of oil demand this year: S&P Global

     May 2, 2023

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6. www.ft.com › content › fb9dde20-96c2-4001-a37d-931Global oil demand set to reach record high as China reopens ...

   www.ft.com › content › fb9dde20-96c2-4001-a37d-931

   Jan 18, 2023 · Global oil demand is set to rise to an all-time high in 2023 as China relaxes its Covid-19 restrictions in a move that may push crude prices higher in the second half of the year, according to...

7. www.iea.org › commentaries › china-s-slowdown-isChina’s slowdown is weighing on the outlook for global oil ...

   www.iea.org › commentaries › china-s-slowdown-is

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   Sep 12, 2024 · Amid an abrupt deceleration in Chinese oil consumption, global demand growth is cooling sharply from the rates seen in recent years, which we have been projecting since our first forecast for 2024 was published in June 2023.

8. www.csis.org › analysis › china-holds-key-globalChina Holds the Key to Global Energy Demand - CSIS

   www.csis.org › analysis › china-holds-key-global

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   Feb 8, 2023 · Global energy prices hinge on China’s economic recovery, but the “new normal” for oil and gas demand is uncertain. A rebound in mobility will increase gasoline, diesel, and jet fuel demand, but there are lingering concerns about the property sector and consumer sentiment.

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9. markets.businessinsider.com › news › commoditiesOPEC+ May Lift Oil Output As China Demand Looks Set to ...

   markets.businessinsider.com › news › commodities

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   Feb 6, 2023 · The OPEC+ alliance of leading oil producers may need to lift its oil output given China's reopening is shaping up to deliver a strong boost in demand, according to the head of the...

10. www.iea.org › news › slowing-demand-growth-andSlowing demand growth and surging supply put global oil ...

    www.iea.org › news › slowing-demand-growth-and

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    Jun 12, 2024 · “As the pandemic rebound loses steam, clean energy transitions advance, and the structure of China’s economy shifts, growth in global oil demand is slowing down and set to reach its peak by 2030. This year, we expect demand to rise by around 1 million barrels per day,” said IEA Executive Director Fatih Birol .