Tough times: A traveller walks through the Beijing Daxing International Airport. Uncertainty over the severity of the Omicron variant and China’s unwillingness to live with the virus continue to impede travel plans. — Bloomberg
BEIJING: China, the world’s biggest buyer of crude, is set to start 2022 with a subdued appetite for oil. For that, you can blame – or thank – Beijing’s increasingly tough line on the virus, pollution, and rule-breakers.
The winter months are usually the time when refiners buy crude to replenish inventories, particularly ahead of holiday trips over the Lunar New Year period.
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