China’s oil demand vanishing very quickly

Quick Summary:

IS China still the best justification for ongoing crude demand, or the worst?

Combine domestic refinery processing with net exports of gasoline, diesel and the like, and the consumption of petroleum is about 300,000 daily barrels lower than in 2023.

As we’ve written, China has been actively onshoring its petchem industry for several years now with several massive refineries specialising in producing polymers and other organic chemicals.

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Article Details

Author / Journalist: DAVID FICKLING

Category: EconomyBusiness

Markets: MalaysiaChinaSaudi ArabiaSingapore

Topics: Oil /Business/Business News Consumption Opec Commodities Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 07:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 818 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25300330

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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