Oil Markets Resurgence of COVID-19 threatens oil demand revival in Asia
Asia’s sustained oil demand revival over the last few months may face a fresh setback following COVID-19 outbreaks in China and other countries in the region. While sharp pull back in consumption appears remote at this stage, markets are keenly watching if Asia’s top oil consuming nations resort to more lockdowns to stem the spread of the pandemic. In this podcast, S&P Global Commodity Insights' Sambit Mohanty, Jonathan Nonis and J.Y. Lim discuss the possibility of another round of oil products demand destruction, Asia's crude buying strategy amid fears of a demand slowdown, and the impact on trade flows.
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