HomeNews listOBJECTIVE PRESSSinopec: China’s Oil Consumption Will Peak by 2030

Sinopec: China’s Oil Consumption Will Peak by 2030

  • December 28, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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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, the country’s largest refiner, China Petroleum & Chemical Corporation, or Sinopec, said in a long-term outlook on Thursday.  Oil consumption in China – the world’s largest importer of crude oil and the second-biggest oil consumer after the United States – is set to peak at around 16 million barrels per day (bpd) in the period 2026 through 2030, according to Sinopec’s…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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