China will become crucial for global oil demand trends even after growth peaks in the transport sector, according to commodity major Vitol. The reason for the continued role the country would continue playing in oil demand is petrochemicals, the firm’s head of research said, as quoted by Reuters. “The growth just next year is entirely capable of satisfying the total demand globally for plastics,” Giovanni Serio said, speaking at the FT Asia Commodity Summit. “There is no doubt that this is going to be the driving force of…
