EVs
Sinopec Forecasts Significant Oil Demand Drop in China by 2026
China's oil demand is projected to drop by 600,000 barrels per day in 2026, driven by EV adoption and US-Iran tensions.
September 9, 2026, 04:48 PM·Crypto Briefing
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Money
Sinopec Predicts Significant Drop in Chinese Oil Demand for 2026
Sinopec expects a 600 000 bpd drop in China's oil demand for 2026, triggering a reassessment of crude oil price forecasts in prediction markets.
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