China oil demand to fall 8.9% in 2026, Sinopec research institute says

China Petroleum and Chemical

09/09/2026 05:08

       SINGAPORE, Sept 9 (Reuters) - Oil demand in China, the
world's largest oil importer, is expected to fall by 600,000
barrels per day in 2026, down 8.9% from the previous year, as
high oil prices curb consumption and electric vehicle adoption
accelerates, according to the Sinopec Economics & Development
Research Institute. 

    (Reporting by Florence Tan; Editing by Tom Hogue)
 ((Florence.Tan@thomsonreuters.com;))