China oil demand - downside risks to the outlook

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Growing concerns regarding underlining weaknesses in China’s economy, have prompted us to develop a downside risk scenario for China. This lowers oil demand growth by 160,000 b/d in 2024 compared to our base case outlook. This brief insight looks at: - What is our current base case outlook for China - What are the main risks to China’s demand growth in 2024 - Which oil products are most affected by the downside case

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    China Oil Demand Downside Risks To The Outlook.pdf

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