Report
China's nascent oil-demand recovery is reportedly faltering
Bloomberg reports that continued fighting in the Middle East and limited Iranian supply are keeping crude prices too high for private refiners, prompting some analysts to trim forecasts for the coming months.
TLDR
Bloomberg reports that a nascent recovery in Chinese oil demand has begun to falter. It says continued fighting in the Middle East and limited Iranian supply are keeping crude prices too high for private refiners, prompting some analysts to trim forecasts for the coming months.
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