TOKYO/BEIJING -- China's appetite for energy is roaring back as its economy recovers from a downturn caused by its draconian zero-COVID policy. Many pundits are worried that a surge in China's imports of crude oil and other energy resources could push those prices higher, fueling inflation worldwide.
The world may see a shortage of crude oil in the second half of 2023 due to increased demand from China and a further output cutback by Russia.
Datawatch
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