How much of China’s crude demand will return?

AI Summary

Global crude oil markets are rebalancing as benchmarks fall below $100 per barrel, shifting focus away from supply disruptions toward post-crisis demand recovery. Alternative suppliers are increasing exports, and Gulf exports are rebounding from recent lows.

With crude benchmarks retreating from above $100/b, market attention is shifting from supply disruptions to the post-crisis rebalancing of global oil markets, despite continued uncertainty over physical trade flows. Setting aside potential logistical disruptions, the global crude balance has already begun to shift. Gulf exports are recovering from recent lows, alternative suppliers continue to load ...