Insight
Prolonged containment measures pressure China’s oil demand
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The drastic steps taken to contain the COVID-19 outbreak are showing positive signs. However, the Chinese government now faces a crucial balancing act to return the country’s economic activity and social life to normal without causing the virus to spread further. How the central government and, equally importantly, local authorities navigate this challenge will determine the path of the country’s economy and its commodities demand in the coming few months and beyond. China’s demand for oil products will be affected by a slower than expected recovery in economic activity and weak domestic consumption in Q1. Seasonal demand patterns will change. And tougher business conditions for small- and medium-size enterprises will threaten jobs and income growth, undermining demand fundamentals.
Table of contents
- What does it mean for China’s oil demand?
- The longer restrictions remain in place, the greater the impact
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Cracking China's oil demand
China's oil demand plateau through 2030 reflects transport electrification offsetting petrochemical growth, creating market uncertainty.
$1,350
Insight
EPCA 59th Annual Meeting summary
Wood Mackenzie's key takeaways from EPCA 2025
$900
Country Report
China iron ore supply summary
Lower prices, falling demand and competition from seaborne imports will cause Chinese iron ore supply to decline over the long term.
$6,750
