China’s demand for oil has continued to grow above pre-COVID-19 pandemic levels, in the wake of a quicker turnaround in the country’s manufacturing and infrastructure sectors, per Bloomberg. Key takeaways “Beijing saw the biggest impact of more cars, experiencing its worst smog in 12 months in early February and there’s been little respite since. Major cities in Hebei, the province that surrounds the capital, had medium pollution levels on Thursday, according to the China National Environmental Monitoring Center.” “About 79% factories and companies restored full production right after Lunar New Year, much earlier than previous years, according to a survey of over 1,000 energy and petrochemical companies in 30 provinces and regions. The poll was carried out by OilChem and the Development Research Center of the State Council and included trade, logistics and manufacturing companies.” “Staying at home also led to an unexpected bump in fuel consumption from another source. The postal service collected and delivered over 660 million parcels during the holiday, almost three times more than the same period last year, data from China’s Ministry of Transport shows.” Related reads China’s main equity index poised to enter technical correction China to keep average annual GDP growth within ‘reasonable’ range in 2021-2025 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: Powell’s punch melts gold, boosts dollar, all eyes now on Nonfarm Payrolls FX Street 1 year China's demand for oil has continued to grow above pre-COVID-19 pandemic levels, in the wake of a quicker turnaround in the country's manufacturing and infrastructure sectors, per Bloomberg. Key takeaways "Beijing saw the biggest impact of more cars, experiencing its worst smog in 12 months in early February and there's been little respite since. Major cities in Hebei, the province that surrounds the capital, had medium pollution levels on Thursday, according to the China National Environmental Monitoring Center." "About 79% factories and companies restored full production right after Lunar New Year, much earlier than previous years, according to a survey… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
