IAHL Corporation (IAHL)

[energybuyer]

Chinese business activity grew more than expected in January, government data showed, indicating that the country’s economy was clearly on a path of recovery after it relaxed most anti-COVID restrictions earlier in the month.

The data helped further the notion that a Chinese economic recovery will help spur increased crude demand in 2023. The International Energy Agency recently forecast that crude demand will rise to record highs in 2023 on the back of a Chinese recovery.