Insight
China and Covid-19: Returning lockdowns increase downside risk to demand
Report summary
China's oil demand has been recovering since the severe hit of Omicron outbreaks in April. However, as Covid cases rebounded in late June/early July, when more transmissible Omicron sub-variants were first detected, modified lockdowns are returning with curbs imposed pre-emptively in multiple places. China's zero-Covid policy and recurring outbreaks lead to downside risks to China's oil demand recovery in H2 2022 and into 2023. In this Insight slide deck, we address the following topics: • The impact of China's Covid policy and the possibility of a shift away from zero-Covid • Quantifying the risk to China's demand by product through 2023 • Uncertainties that remain to our base case outlook
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global zinc strategic planning outlook Q1 2024
Rising mine and refined production and slowing demand growth will result in a refined surplus in the second half of this decade.
$10,000
Insight
Coronavirus to further depress global LNG markets
We estimate Chinese LNG demand could be 2.5 - 6.3 Mt lower, creating a sustained drop in North Asian LNG, European and US gas prices.
$950
Insight
Coronavirus impact briefing: week ending 15 May
How the pandemic is affecting energy and natural resources
$1,050
