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PetroChina forecasts Chinese oil consumption will drop 4.9% this year

China's oil use is set to decline in 2026. This shift comes as the nation embraces new energy sources and faces elevated oil prices. PetroChina's research unit predicts a 4.9% drop in consumption that year. Oil demand is expected to plateau and fall further b…

By Reuters· The Times of India· 4 months ago· 2 min read
PetroChina forecasts Chinese oil consumption will drop 4.9% this year