China is approaching its own peak oil2 min read 14 Feb 2021, 12:01 AM IST
Country’s energy companies are starting to look ahead to demand topping out around mid-decade
Big Oil has become used to a ravenous China. But Chinese energy companies are starting to look ahead to an overall peak in oil demand around mid-decade. Sinopec, China’s largest refiner, estimated in December that the nation’s demand for oil products will peak in 2025.
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