China's oil demand is expected to fall by 600,000 barrels a day, or 8.9%, in 2026, marking a third straight annual decline, while refining capacity is forecast to shrink up to 5.5% from 2026 levels by 2030, according to Sinopec's research arm.
China's oil demand is expected to fall by 600,000 barrels a day, or 8.9%, in 2026, marking a third straight annual decline, while refining capacity is forecast to shrink up to 5.5% from 2026 levels by 2030, according to Sinopec's research arm.
3 Comments
UnrefinedChihuahua@lemmy.dbzer0.com · 1 pts · 1d
I wonder what they're replacing it with. They can't be needing less energy.
frongt@lemmy.zip · 2 pts · 13h
https://www.reuters.com/business/energy/chinas-coal-power-rise-again-2026-reversing-first-in-a-decade-decline-2026-06-24/
UnrefinedChihuahua@lemmy.dbzer0.com · 1 pts · 13h
Figured as much!