The Russian invasion of Ukraine has shuffled global oil markets, but tanker market players worried about demand need to look toward China, S&P Global's Jim Burkhard said.

The Ukraine crisis has reshuffled global oil flows, he said, while noting that China has had an even bigger impact on demand as it doggedly pursued a zero Covid-19 policy.

“We've lost far more oil demand in China because of the restrictions that have been imposed since march ...