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Oil prices gain around 1% on optimism over China's recovery
Oil prices gain around 1% on optimism over China's recovery
The IEA report followed expectations from the Organization of the Petroleum Exporting Countries (OPEC) that Chinese oil demand would grow by 510,000 barrels per day (bpd) this year after contracting for the first time in years in 2022 due to COVID containment measures.
The IEA report followed expectations from the Organization of the Petroleum Exporting Countries (OPEC) that Chinese oil demand would grow by 510,000 barrels per day (bpd) this year after contracting for the first time in years in 2022 due to COVID containment measures.
The IEA report followed expectations from the Organization of the Petroleum Exporting Countries (OPEC) that Chinese oil demand would grow by 510,000 barrels per day (bpd) this year after contracting for the first time in years in 2022 due to COVID containment measures. 
