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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 (3 children)

They changed the headline to 3.8 percent, I read the article because 8.9 percent seemed so high, it was a typo.

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  • [–] 3 points 2 months ago (2 children)

    still, pretty massive keeping in mind china's population. this will increase too with how they've been investing in renewables.

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    [–] 1 point 2 months ago (2 children)

    I wonder what they're replacing it with. They can't be needing less energy.

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