A strong rebound in China’s oil demand this year may lead to the OPEC+ group reconsidering its production targets and quotas, according to the International Energy Agency (IEA). China’s reopening is putting upward pressure on global oil demand, and half of this year’s demand growth is set to come from the Chinese growth in consumption, the IEA says. In case of a strong rebound in Chinese demand, OPEC+ may have to reconsider their output policy, the IEA’s Executive Director Fatih Birol told Reuters this weekend. “If demand goes up very strongly, if the Chinese economy rebounds, then there will be a need, in my view, ... (full story)