JPMorgan sees Chinas crude imports rebounding from August after an eight year low, trims long term fuel demand outlook, and highlights PetroChina, Nan Ya Plastics and LG Chem as key picks
China’s crude oil imports are set to recover from August after plunging to their lowest level in eight years during the West Asia conflict, according to JPMorgan, as more than half of the decline in China’s crude demand seen since the war may prove temporary.
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