China's uneven economic recovery and what it means for oil in Asia
Oil Markets
00:00
The East Asia Oil Demand as Consumers Worry About Further Upside in Oil Prices
Asian refineries were somewhat supportive of the OPEC Plus cut decision earlier this month. A further uptick in oil prices say to above $90 per barrel would hurt Asian consumers spending and confidence which has been extremely fragile amid high inflation, weak local currencies and tap it economic growth. Thailand's tourism sector, you will face headwinds when consumer confidence and major tourist sources especially in the advanced Asian economies like Japan, South Korea, Hong Kong, Singapore and Taiwan, falters.
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