We hear China Demand but do we cheat numbers?China demand is down about 400K BOPD and India is up about 300K BOPD and now exceeding 2019 levels. Why no one is taking about India's demand growth? As well how longmore do we think China lockdown will last at a time when world inventory is at records low and oil and gas companies are not motivated to produce more.
Read the IEA and EIA oil reports forget about these news headlines without any analysis. We know how reliable they can be like the recent OPEC increase hoax news last week.