China Ready to Pick Up Slack With Global Oil Demand Wavering (1)

摘要

As a rampant coronavirus ravages Europe and the U.S. and raises the risk of more lockdownmeasures, a range of indicators suggest China can cushion oil markets from the worst of thepotential demand destruction.Stockpiles of crude and particularly fuels such as diesel and gasoline in the world’s biggest oilimporter have shrunk over the past couple of months as economic activity exceeded expectations.Against this backdrop, one of China’s biggest state-owned refiners said it will keep crudethroughput at its plants steady for the rest of the year.