China’s Oil Demand Rebounds To Pre-Coronavirus Levels

Oil demand in the world’s top oil importer, China, has rebounded to pre-coronavirus levels, Bloomberg reported on Monday, citing sources with inside knowledge of China’s energy sector. China was the first to go into lockdown after the COVID-19 virus emerged in Wuhan, but it was also the first country to exit lockdown. Demand for oil and fuels has been rising over the past month as people return to commuting to work, preferring their own vehicles to public transportation. According to Bloomberg’s sources, China’s gasoline…