Released June 12, 2020 | New Delhi
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Following a hefty toll on the world's economies due to COVID-19, China's oil demand is strongly rebounding, reaching more than 90% of the levels seen before the pandemic. China's crude oil imports hit an all-time high in May, as low prices spurred demand, according to The Economic Times of India.
Industrial Info is tracking 133 active petroleum refining facilities in China. Click here for a list.
Other countries, such as Australia, New Zealand and Vietnam, where coronavirus cases are under check, also are likely to see an increase in oil demand. More petroleum refineries in these regions are well-positioned to ramp up production to meet increases in fuel demand.
Industrial Info is tracking 133 active petroleum refining facilities in China. Click here for a list.
Other countries, such as Australia, New Zealand and Vietnam, where coronavirus cases are under check, also are likely to see an increase in oil demand. More petroleum refineries in these regions are well-positioned to ramp up production to meet increases in fuel demand.
