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Sinopec Sees China Oil Demand Falling 8.9% in 2026
China’s Sinopec, the world’s top refiner by capacity, expects Chinese oil demand to drop by 8.9% in 2026 from a year earlier amid demand destruction from higher oil prices and the acceleration of electric vehicle adoption.
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cryptobriefing.com
Sinopec forecasts 600,000 bpd drop in China's oil demand for 2026
Sinopec forecasts a 600,000 bpd drop in China's oil demand for 2026. Crude oil reaching a new all-time high by September 30 at 1.4% YES.
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oilprice.com
Sinopec Sees China Oil Demand Falling 8.9% in 2026 | OilPrice.com
Sinopec expects China's oil demand to drop 8.9% in 2026 as high prices and EV adoption erode gasoline and diesel consumption.
