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Bookmark or Share- FT: China’s oil demand peaks – A turning point for ... - BizNewsThe first is the strong rise in the amount of crude oil flowing into China’s rapidly growing petrochemical industry. The second is the more precipitous fall in the amount of oil needed for road transport. “In the run-up to Covid, the growth [in oil use] was quite broad based; petrochemicals, road transport, jet fuel, everything grew ...
- Has China already reached peak oil? - Financial TimesIn December, Sinopec, China’s biggest refiner, brought forward its forecast for crude oil consumption to reach a peak to 2027, compared with the range it previously gave of between 2026 and 2030.
- China response key to crude oil after new sanctions on Russia ... - ZAWYAChina, the world's biggest crude oil importer, has a well-established pattern of trimming imports when its refiners take the view that prices have risen too high or too quickly. Given the lag of up to two to three months between when cargoes are arranged and when they are delivered, this means China's crude imports may moderate from March onwards.
- China imported record amounts of crude oil in 2023China, the world’s largest importer of crude oil, imported 11.3 million barrels per day (b/d) of crude oil in 2023, 10% more than in 2022, according to China customs data.Refiners in China imported record volumes of crude oil in 2023 to supply the country’s increasing refining capacity in order to support the country’s transportation fuel needs and produce feedstocks for its growing ...
- China’s Crude Oil Imports Continue to Slump - OilPrice.comLast month, China imported a total of 10.53 million barrels per day (bpd) of crude oil, per data from the General Administration of Customs cited by Reuters. That’s 9% lower compared to...
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