Oil markets have rallied last week despite a yet still hawkish tone from Jerome Powell, the FED governor. Rumours around China potentially lifting its sticky zero-covid policy have helped propel front-month prices for Brent by 6% in four days to just under $99/bbl. However, markets could be jumping the gun too early. Chinese authorities have tempered some hope about a turnaround in the country’s zero-covid policy.
The impact of China's restrictions on AIS data transfer has been minimal to negligible for Kpler as we are not reliant on any one source of base data.