Oil Prices Climb Despite Underwhelming Chinese Demand

Despite a relatively underwhelming rebound in Chinese demand, oil prices were pushed higher at the start of this week by the embargo on Russian oil products and the earthquake in Turkey which took an oil terminal offline.Chart of the Week- The G7 price cap coalition agreed on product price caps, setting the maximum price for high-value products (diesel, gasoline, jet) at $100 per barrel and for low-value products (fuel oil, naphtha, and waste oils) at $45 per barrel.  - Vessels carrying Russian products that loaded before 5 February can still…