Are Fears Of China’s Oil Demand Slump Overblown?

Concerns about China’s oil demand amid a new Covid outbreak, renewed restrictions, and protests against the ‘zero-Covid’ policy have weighed on market sentiment in the latter half of November, dashing hopes for a fast reopening after Chinese authorities eased some inbound travel quarantine rules earlier in the month.    Oil prices slumped to their lowest level since December 2021 early this week as market participants focused much more on potential demand loss in China than on the potential supply loss from Russia…