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Market Impact: 0.48
China Oil Demand to Shrink This Year, Sinopec Research Arm Says
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarAutomotive & EVConsumer Demand & Retail
Sinopec Group's research arm expects China's oil demand to decline by 600,000 barrels per day in 2026. The forecast attributes the contraction to the US-Iran war and accelerating electric-vehicle adoption, signaling a material demand headwind for crude markets and refiners.
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