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China's oil demand expected to remain subdued until 2026

Hengli Petrochemical CEO Janet Kong expects China’s oil demand to stay weak through mid-2026, citing slow economic growth, trade tensions, and rising electrification. Policy levers such as expanded export quotas or strategic reserve purchases may offer limited support due to already elevated inventories.

By Finblage Editorial Desk

5:11 pm

3 December 2025

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