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China Oil Demand to Shrink This Year, Sinopec Research Arm Says

China’s oil demand is expected to fall by 600,000 barrels a day in 2026 on the impact of the US-Iran war and spread of electric vehicles, according to the research arm of Sinopec Group, the top state-owned refiner.

Bloomberg Verified Source

Reported by Rong Wei Neo · Syndicated via official news feed

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