China’s crude demand in April is expected to have declined 1.2 million bpd year-on-year. China’s gasoline, diesel, and jet fuel demand is set for a 20-percent plunge this month compared to the consumption in April 2021. China’s refiners are expected to lower their refinery runs in April by 900,000 bpd. Oil demand in the world’s top crude oil importer, China, is expected to decline by 1.2 million barrels per day (bpd) in April from a year ago—the largest hit to demand since the Wuhan lockdowns at the beginning of the pandemic, Bloomberg reported on Friday, quoting sources with inside knowledge of the Chinese energy industry. China’s gasoline, diesel, and jet fuel demand is set for a 20-percent plunge this month compared to the consumption in April 2021, Bloomberg’s sources say, as authorities continue to pursue a “zero COVID” policy imposing strict lockdowns, including one that has been going for […]