Monday, April 21, 2025
HomeNewsFinanceChina’s oil demand increase in Pandemic era, think tank

China’s oil demand increase in Pandemic era, think tank

Date:

Related stories

Inside Story: Gillespie Left Hanging as PCB Denies Dues

The controversy surrounding former Pakistan red-ball coach Jason Gillespie...

Turning Crisis into Opportunity: Climate Resilience in Action

Quetta, Pakistan — In a landmark effort to confront...

Made in China, Ignored in Germany: The Auto Industry Divide

Despite dominating the electric vehicle (EV) landscape in China...

Research: The Fear Factor Behind U.S. Travel Decline

In what experts are calling a disturbing trend, international...

Global Supply Chain at Risk as U.S. Targets China

In a significant move, the United States has proposed...
spot_img

During the global epidemic, where global economies are in a slump, China is growing and its demand and supply have also increased.

Surprisingly, the demand for petroleum products in all countries of the world has decreased during the global epidemic, at the same time, China’s needs are growing. This situation has raised many questions.

State-owned CNPC’s think-tank released facts that Chinese gasoline demand has entered a low-to-medium growth phase while diesel demand growth peaked five years ago.

 

Chinese diesel demand could rise by 2.5pc from a year earlier to 3.5mn b/d in July-December, boosted by transportation and construction use.

Sales of construction machinery like excavators rose by 68pc year on year in May alone, Report said.

 

According to report, China’s economy grew by 3.2pc in the second quarter, a strong recovery compared with a 6.8pc decline in January-March.

 

The ETRI also expects more market reforms this year, as signalled by the commerce ministry’s (MoC) announcement in early July to remove entry barriers to crude and product markets.

 

Wasim Qadri
Wasim Qadrihttp://wasimqadriblog.wordpress.com/
Waseem Shahzad Qadri, Islamabad based Senior Journalist, TV Show Host, Media Trainer, can be follow on twitter @jaranwaliya

Latest stories

Publication:

spot_img

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Privacy Overview

THE THINK TANK JOURNAL- ONLINE EDITION OF This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.