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Chinese Oil Demand Is Almost Back to Pre-Virus Crisis Levels

  • Oil traders and executives peg consumption at 13 million b/d
  • Jet-fuel is the only oil refined product holding back demand
Traffic on an overpass in Beijing on May 12.

Traffic on an overpass in Beijing on May 12.

Photographer: Greg Bker/AFP via Getty Images

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Chinese oil demand is all but back to levels last seen before Beijing imposed a national lockdown to fight the coronavirus outbreak, according to people with inside knowledge of the country’s energy industry.