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China oil demand to fall 3.9% in 2026, Sinopec research says (www.reuters.com)
submitted 2 months ago by to c/worldnews@lemmy.ml
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China's oil demand is expected to fall by 600,000 barrels a day, or 3.9%, 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.

EDIT: original title stated 8.9% but was corrected to 3.9%

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[–] 3 points 2 months ago

i had the same thought -- 10% or 4% is still staggering for a country with that many people.

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