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      • Global oil demand is expected to hit its highest-ever level this year on the back of China’s swift reopening of its economy. Oil demand could surge by 1.9 million barrels per day to reach a record 101.7 million barrels per day, the International Energy Agency said in its latest monthly report, released Wednesday.
      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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  3. www.ft.com › content › fb9dde20-96c2-4001-a37d-931Global oil demand set to reach record high as China reopens ...

    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...

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

    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.

  5. www.reuters.com › markets › commoditiesChina's COVID-19 reopening set to push 2023 oil demand to new ...

    Jan 18, 2023 · The lifting of COVID-19 restrictions in China is set to boost global oil demand this year to a new record high, the International Energy Agency (IEA) said on Wednesday, while price cap...

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  7. www.mckinsey.com › industries › oil-and-gasGlobal Energy Perspective 2023: Oil outlook | McKinsey

    Jan 24, 2024 · After a steep decline due to COVID-19, oil demand increased to pre-pandemic levels in 2023 at 101.7 million barrels per day (MMb/d). However, growth may not last long, as peak demand is projected to materialize before 2030 across our four bottom-up energy transition scenarios.

    • Will the reopening of the oil market lead to more demand?1
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  8. oilprice.com › Energy › Crude-OilFrom Zero-Covid To Energy Demand Explosion: The Impact Of ...

    Feb 25, 2023 · While uncertainty over the future of China’s energy demand is concerning for the global energy market, and may well lead to energy shortages and higher oil and gas prices, the reopening...

  9. www.reuters.com › business › energyGoldman Sachs says China's reopening could lift oil by 15/bbl

    Dec 12, 2022 · China's loosening COVID-19 rules would likely lead to higher oil demand and in turn prices might increase by around $15 per barrel, Goldman Sachs said in a note on Sunday.

  10. www.wsj.com › articles › oil-demand-to-hit-recordOil Demand to Hit Record Level This Year as China Reopens ...

    Jan 18, 2023 · China’s rapid shift to reopen its economy following lengthy Covid-19 lockdowns should help oil demand rise to a record level this year, the International Energy Agency said. The energy...

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