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U.S Import Prices Jump As Oil And Other Commodities Rally


13 hours
Copper Prices Jump After Leading Producer Chile Closes Its Borders
14 hours
Record High COVID Cases Could Stall India’s Oil Imports
16 hours
Lawsuits Pour In After Texas Freeze Pushes Bills Sky-High
17 hours
Tesla Stuns With Record Q1 Delivery Numbers
18 hours
Suez Canal Traffic Jam Clears
3 days
U.S. Govt. Says Federal Land Drilling Program Is “Broken”
3 days
Mozambique Says Total’s LNG Project Is Safe From Militants
4 days
U.S. And Iran Set To Hold Indirect Talks On Nuclear Deal
4 days
India Set To Review ‘Unfair’ Oil Import Contracts With Saudi Arabia
4 days
EVs, Smart Appliances Pose Cybersecurity Risks ....

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Are Analysts Underestimating Chinese Oil Demand?


China’s annual session of the National People’s Congress (NPC) last week set an annual economic growth target that – at ‘above 6 per cent’ - looks conservative to many and, as such, it is likely that the country’s demand for oil will be significantly higher than is implied in the growth figure. “The soft economic growth target is a really low bar considering that annual growth prints will be boosted by favourable base effects,” Eugenia Victorino, head of Asia strategy for SEB in Singapore told
OilPrice.com last week. “China’s GDP growth is likely to come in around 15-17 per cent year-on-year [y-o-y] in Q1…and we expect output to rise by 8.0 per cent year-on-year this year,” she added. ....

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