TOKYO: Fuel demand is on the mend across Asia as nations emerge from coronavirus lockdowns, but most economies in the world’s biggest oil-importing region appear unlikely to replicate China’s rapid recovery.
Chinese consumption was already back at similar levels to a year earlier in mid-May after the country was largely shut down in February. While other nations are generally a couple of months behind China in terms of the impact from the pandemic, fuel consumption isn’t snapping back as fast.
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