Chinese Travel Demand Is Bouncing Back Quickly. Oil Demand To Hit New Highs In Q2 2023. AIA 1-14-22
2023-01-14
0:00
39:53
One of the main ideas at AIA for 2023 is the return to normal of the Chinese economy and how this will affect oil and other commodity prices. Traffic congestion and air travel are bouncing back quickly since the CCP lifted the lockdowns on Chinese citizens. Forecasts are for up to 103 million barrels per day of oil demand by Q2 of 2023. The question is can the world produce this amount of oil?
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