China’s Diesel Demand Set To Jump To Record This Year

State-stimulated recovering industrial activity and increased road freight and e-commerce deliveries are set to push up China’s diesel demand to a record high this year, analysts have told Reuters. China’s recovering economy and the government stimulus to infrastructure activities are set to boost demand for heavy machinery and diesel to power them, analysts say. Other factors contributing to the high demand for diesel include booming e-commerce with road freight deliveries and strong mining activities, SIA Energy’s senior director…