This snippet from ANZ on oil demand in China, some higher information:
- indicators of energy in China’s jet gasoline market are prone to increase sentiment.
- China weekly flights have surged 13% above pre-COVID ranges within the week ending 20 August.
- Worldwide journey is selecting up, with bookings for abroad group excursions throughout the Nationwide Day vacation in October greater than tripled from a month in the past. This comes amid rising tightness in aviation gasoline.
Worries over Chinese language demand have been a key headwind for oil. China demand is seeking to be on the up now although.