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Asia's Oil Buying Spree | Paid for and posted by CME Group


Paid for and posted byCME Group
6 Min Read
AT A GLANCE
· U.S. crude oil exports to Asia reached a record in 2020, and increased crude demand in the region is expected to continue
· One of the effects of China’s early economic recovery from COVID was a rise in demand for crude oil
The strong economic recovery throughout much of Asia is driving high demand for crude oil. Demand is expected to remain robust going forward, provided economic activity continues to rebound.
Rising Demand
Refiners in China are increasing imports of crude oil as they look to meet growing domestic demand, driven by increased activity in their industrial and transport sectors. China reported GDP growth of 2.3% in 2020, with fourth quarter GDP coming in at 6.5%, after it succeeded in getting COVID-19 cases under control early in the year, enabling it to lift lockdown restrictions and allow economic activity to resume.  ....

Saudi Arabia , South Korea , Asia Pacific , Administration Of Customs , Energy Information Administration , Ministry Of Commerce , Christopher Fix , General Administration , Middle Eastern , Volatility Returns , Reuters Plus , சவுதி அரேபியா , தெற்கு கொரியா , ஆசியா பெஸிஃபிக் , அமைச்சகம் ஆஃப் வர்த்தகம் , கிறிஸ்டோபர் சரி , நடுத்தர கிழக்கு , ராய்ட்டர்ஸ் ப்லஸ் ,

Asia's Oil Buying Spree | Institutional Investor


AT A GLANCE
U.S. crude oil exports to Asia reached a record in 2020, and increased crude demand in the region is expected to continue
One of the effects of China’s early economic recovery from COVID was a rise in demand for crude oil
The strong economic recovery throughout much of Asia is driving high demand for crude oil. Demand is expected to remain robust going forward, provided economic activity continues to rebound.
Rising Demand
Refiners in China are increasing imports of crude oil as they look to meet growing domestic demand, driven by increased activity in their industrial and transport sectors. China reported GDP growth of 2.3% in 2020, with fourth quarter GDP coming in at 6.5%, after it succeeded in getting COVID-19 cases under control early in the year, enabling it to lift lockdown restrictions and allow economic activity to resume. ....

Saudi Arabia , South Korea , Asia Pacific , Administration Of Customs , Energy Information Administration , Ministry Of Commerce , Christopher Fix , General Administration , Middle Eastern , சவுதி அரேபியா , தெற்கு கொரியா , ஆசியா பெஸிஃபிக் , அமைச்சகம் ஆஃப் வர்த்தகம் , கிறிஸ்டோபர் சரி , நடுத்தர கிழக்கு ,