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Reuters: China learns to live on less fuel, to the relief of oil markets

Sinopec expects national demand for gasoline, diesel and jet fuel to fall about 10% in the second and third quarters, analysts said.

Summary by Reuters
Three months into the Iran war, the oil ​market is coming to grips with an unexpected new reality: China, the world's largest importer, needs much less fuel than previously thought.

6 Articles

The Globe & MailThe Globe & Mail
Center

The oil market’s unexpected new reality: China needs much less fuel than previously thought

Fuel use in China was already falling in recent years, but recent decline is especially steep and caught industry players by surprise

·Canada
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ReutersReuters
+4 Reposted by 4 other sources
Center

China learns to live on less fuel, to the relief of oil markets

Three months into the Iran war, the oil ​market is coming to grips with an unexpected new reality: China, the world's largest importer, needs much less fuel than previously thought.

·New York, United States
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Reuters broke the news in New York, United States on Thursday, June 11, 2026.
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