Impact of China's Economic Trends on Oil Refiners and Global Supply Chains
Friday, 14 June 2024, 03:45
China's Oil Refiners in Transition
A prolonged property crisis has impacted China's economy this year, leading to a slowdown in the oil refining sector.
Shifting Demand Patterns
- Decreased Oil Consumption: Increasing adoption of new-energy vehicles and gas-powered trucks is influencing future oil demand.
The slowdown in China's oil refining industry is reverberating across global supply chains and energy markets, highlighting evolving consumer preferences and economic challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.