China Petroleum & Chemical Corporation, or Sinopec, expects oil demand in China to peak before 2027, according to the 2024 edition of the China Energy Outlook 2060 that the world’s biggest refiner published on Wednesday. In its previous outlook last year, Sinopec said that China’s oil consumption is expected to peak at some point later this decade, between 2026 and 2030, due to an acceleration of EV adoption.
In the latest outlook out today, Sinopec says that China’s coal consumption, which anchors…China's Oil Demand to Peak Before 2027, Says Sinopec
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