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China's oil consumption to peak by 2027, says top refiner Sinopec
China's oil consumption is set to peak by 2027, state refining giant Sinopec said on Thursday, as diesel and gasoline demand weaken in the world's biggest oil importer, a slowdown that has rattled global oil markets this year.
China's oil consumption is set to peak by 2027, state-run Sinopec says
China's oil consumption is on course to max out by 2027, according to a report from state-run refining company Sinopec on Thursday. Diesel and gasoline demand has weakened in the country, which is the world's biggest importer of oil.
China's Oil Peak: A New Era of Energy Transition
Sinopec projects China's oil consumption will peak by 2027 at 800 million metric tons as demand for diesel and gasoline slows. Influences include electric vehicles, LNG-fueled trucks, and geopolitical shifts.
China’s oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday.
EconoTimes
45m
Crude Oil Struggles: Demand Concerns and Strengthening Dollar Pressuring Prices
Crude oil prices pared some of their gains on demand concerns and a strong U.S. dollar, hitting a low of $68.60 and currently ...
Crude Oil Prices
3h
Bearish Sentiment Takes Hold in Oil Markets
Oil prices are under pressure as the year draws to a close, with demand concerns and the Fed's latest meeting both adding to ...
6h
India to surpass China as main source of crude oil consumption in 2024 and 2025: US EIA
India to surpass China as major source of global oil consumption growth, driven by rising demand for transport fuels.
Oil
23h
EIA: India to surpass China as leading contributor to global oil consumption growth in 2024, 2025
India has become the primary driver of growth in global oil consumption for 2024 and 2025, surpassing China, which ...
Yahoo
7d
No, cooking oil doesn't cause cancer — but new study links too much seed oil to colon tumors
Avocado
oil
, too, has benefits for heart and eye health and more ... agrees that the study seems to show that excess ...
8h
India has emerged as leading source of growth in global oil consumption says EIA
The Energy Information Administration or EIA has stated in a latest update that India has emerged as the leading source of growth in global oil consumption in 2024 and 2025, overtaking China this year ...
19h
Oil drops as dour economic outlook adds to oversupply concerns
Oil prices fell on Thursday after central bankers in the U.S. and Europe signaled caution over further easing of monetary ...
1d
China’s Gasoline Demand to Fall Quickly From 2025, Sinopec Says
China’s biggest oil refiner said the country’s gasoline demand had peaked last year and declines would accelerate as the ...
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