#petrochina
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…
PetroChina, Indian Oil fail to secure tankers to load Iraqi crude
PetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinochem is searching for a tanker. High shipping rates and transit concerns persist. This follows an interim deal between th…