Sinopec forecasts China's oil demand will fall by 600,000 barrels daily due to geopolitical tensions and EV adoption. Gasoline and diesel consumption are projected to contract sharply, weighing on the
Sinopec research forecasts China's oil demand to drop 8.9% in 2026 due to high prices and EV adoption. While refining capacity rises, gasoline and diesel consumption are expected to decline significan
Oil and LNG tankers are exiting the Strait of Hormuz for Pakistan and China amid conflict-related shipping restrictions. Major cargoes include LNG for Pakistan and Iraqi crude for Sinopec-bound Ningbo
Sinopec's first-quarter chemicals sales fell 8.6% to 92.3 billion renminbi with a widened operating loss of 1.5 billion renminbi, reflecting mixed output trends across key petrochemical segments.
Sinopec purchased 8 to 10 cargoes of Russian ESPO crude to offset Middle Eastern supply disruptions following a temporary U.S. sanctions waiver. This strategic shift occurs as China maintains high Rus
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