OPINION: China’s sudden abandonment of its zero-Covid policy raises the prospect of an economic resurgence that will have far-reaching implications for the global energy sector.

Under the zero-Covid rules favoured by Chinese President Xi Jinping, people were often subjected to strict confinement.

The policy also hit demand for energy in sectors ranging from industrial fabrication and power generation to public services and transport. Oil consumption last year fell 1.2% to around 5.2 billion barrels in 2022 and crude imports dropped 2.2%