Three Energy Charts Suggest China's Demand Recovery Underway

By Henik Fund, BI senior industry analyst

Three Energy Charts Suggest China's Demand Recovery Underway

China's energy demand may already be gaining traction as domestic consumption stirs under prodding from stimulus. The bottoming-out of the country's oil imports, rising tanker rates, and private refineries' soaring run rates suggest a turnaround, opening a path for WTI to move above $70. Yet, US trade policy remains a wild card, and the stakes for China remain high.