Sinopec Chief Says China's Oil Demand Likely Peaked in 2025
Source Summary
The head of China's largest refiner, Sinopec, stated that China's oil demand likely peaked in 2025, marking an earlier peak than previously anticipated. This assessment suggests a significant shift in China's energy consumption trajectory.
Why it matters
An earlier-than-expected peak in China's oil demand has major implications for global energy markets, as China is the world's second-largest oil consumer.
