Strong China rebound likely to boost energy demand

BEIJING: China’s economy could be poised for a stronger-than-anticipated rebound that will deliver a demand boost for oil and natural gas, says the head of the International Energy Agency (IEA).

There are some “first indications” from China that growth will accelerate faster than previous expectations and deliver around half of a forecast two million barrels a day increase in global oil demand this year, IEA executive director Fatih Birol said in an interview.