TDF - Outlook For The Chinese Oil Sector With COVID-19 On The Wane Domestically
Originally published on March 20, 2020
While COVID-19 continues to spread throughout the world, the number of active infections within China has been declining since mid-February. In fact, yesterday marked the first day since the outbreak began that China reported no new locally transmitted infections. As a result, the Chinese government has in recent weeks removed most restrictions on internal travel and is pushing for the resumption of "normal" economic activities.
Consequently, while oil demand outside of China is still in the midst of an unprecedented decline, consumption within the country is now firmly on