Corrected: China's oil demand to fall 3.9% in 2026, Sinopec says
CORRECTED-China's oil demand to fall 3.9% in 2026, Sinopec says Corrects percentage figure in headline and first paragraph to 3.9%, not 8.9%
SINGAPORE, Sept 9 (Reuters) - Oil demand in China, the world's largest oil importer, is expected to fall by 600,000 barrels a day in 2026, or 3.9% from the previous year, as high crude prices curb consumption and more people buy electric vehicles, the Sinopec Economics & Development Research Institute said.
(Reporting by Florence Tan; Editing by Andrew Heavens)
Recent news on China Petroleum and Chemical
See all newsSHH Margin Trading -- Sinopec Corp Margin Long Amount is 4,385 (x10000) yuan, Short Selling Volume is 9 (x10000) shares
China's October crude oil imports rise to highest level since March (updated)
China October crude oil imports up 13.0 % from September
SHH Margin Trading -- Sinopec Corp Margin Long Amount is 3,654 (x10000) yuan, Short Selling Volume is 16 (x10000) shares
SHH Margin Trading -- Sinopec Corp Margin Long Amount is 8,751 (x10000) yuan, Short Selling Volume is 23 (x10000) shares