Insight - Covid struggles bring demand destruction back


Mass testing: Residents line up at a Covid-19 testing site at a residential compound in Dalian. The number of infections in China jumped on Tuesday to hit a two-year high. — AFP

THE crude oil market has spent recent weeks worrying about the impact on supply from Russia’s invasion of Ukraine, but China’s ongoing battle to contain the coronavirus pandemic is highlighting the return of demand destruction fears.

The number of Covid-19 infections in China jumped on Tuesday to hit a two-year high, and while the caseload is small by international standards, Beijing’s policy of zero-Covid is raising concerns of more lockdowns.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Insight , Covid , demand , oil , energy China ,

   

Next In Business News

MIDA, a vital instrument to remove obstacles for prospective investors - Tengku Zafrul
Ringgit easier against US dollar at closing
Alpha IVF remains committed to its growth strategy
Jentayu hopes to sign PPA for Sipitang hydropower plant by mid-year
Malaysia needs up to RM90bil to fund critical energy projects in next 10 years
GDEX to diversify into IT services and solutions
Bursa Malaysia collaborates with UK's MOBILIST to enable greater investment in energy transition
MIDA appoints Sikh Shamsul Ibrahim as CEO
Bursa Malaysia continues downtrend with over 1,000 counters in red
Asian bonds see first monthly outflow in five on easing US rate-cut hopes

Others Also Read