Asian 2022 oil demand growth to be softer than earlier expected China’s demand destruction taking a toll on Asian consumption India, Korea oil demand uptrend overshadowed by China’s woes Asia’s oil demand outlook for 2022 is starting to look dimmer than what it was a couple of months earlier, as China’s strict lockdowns aimed at battling the resurgence of the COVID-19 pandemic overshadow positive oil demand signs emerging from the rest of Asia. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now While most Asian governments are easing restrictions, aiding a sustained recovery in oil demand, China is pursuing a zero-COVID-19 policy that has led to a drop in the appetite for transportation and other fuels in Asia’s largest oil consumer. This is prompting oil analysts to believe that China’s oil demand growth at best may remain flat in 2022 over the previous […]