Analysts have varying views on the year when China’s oil demand will peak, but most of them agree the decline will not be so dramatic as to trigger a sharp downturn in global oil demand. Commodity Insights projects China’s total refined product demand, excluding direct crude burn and all ...
Crude oil futures finished a rangebound session slightly lower Dec. 15 as the market weighed weaker China crude demand. NYMEX January WTI settled down 15 cents at $71.43/b, and ICE February Brent fell 6 cents to $76.55/b. China's crude oil throughput fell 3.8% from October to a nine...
China's 2023 crude oil demand is expected to grow less than previously expected, as strong demand for electric vehicles weighs on gasoline demand, an expert at China National Petroleum Corp.'s (CNPC) research arm said on June 20. The state oil company's Economic & Technology Research In...
The projected marginal increase is in line with analyst views that demand from the world's top crude oil buyer is near a peak after a rare fall in 2024 because of rapid vehicle electrification and flagging economic growth. By 2030, the share of new energy vehicles and heavy-duty trucks fuel...
Our company now supplies a substantial share of China’s crude oil demand and counts all NOCs and the largest private players among its customer family. As the custodian of one of the world's largest oil reserves, Saudi Aramco will continue to be a trusted crude oil supplier and partner to...
The Organization of the Petroleum Exporting Countries has forecast that China's crude oil demand will surge next year, as the nation's economic activity recovers strongly following the COVID-19 outbreak. Despite a contraction of 6.8 percent year-on-year in the first quarter of this year, China...
The scaling back of crude stockpiling means China’s role as a major driver of crude oil demand growth may be waning, and imports are likely to become more aligned with its refinery processing rates. China doesn’t disclose the volumes of crude flowing into or out of strategic and commercial...
This Week: Refined Oil Trading Remains Sluggish Amid Soft Demand and Volatile Crude Oil PricesABOUT SCI SCI introduction Analyst team Contact us 2025 holidays Law announcement Declaration Methodology SCI PRODUCTS DATA REPORT INSIGHTS CONSULTING Price Daily/weekly/monthly report Highlights EVENT Fundamentals ...
This is the more impressive given that many analysts estimated that China’s crude oil demand lost 40% and its economy shrank by more than 6.0% in the first quarter of the year during the pandemic. Apparently China has been reportedly rooting for Trump’s re-election in 2020? The ...
5 Best Gold ETFs to Buy These five gold ETFs have been bright spots in a difficult market. Glenn FydenkevezApril 11, 2025 Nuclear Energy Stocks and ETFs Amid the energy transition away from fossil fuels, nuclear power is gaining ground. ...