精品成人免费自拍视频|一本大道看香蕉大在线|五月丁香乱码日韩精品区|久久国产精品成人片免费|日韩中文字幕亚洲精品欧美|视频福利国产午夜一区二区|国产毛片一区二区三区精品|国产欧美精品一区二区三区网址

The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 25thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

ufi

BEIJING, China

March 26-28,2025

LOCATION :Home> News> Industry News

China’s top oil firm sees demand growth cut in half in 2020

Pubdate:2020-01-14 13:45 Source:liyanping Click:

BEIJING (Bloomberg) - The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be felt, according to researchers at China National Petroleum Corp.

With China’s economic growth likely stuck at around 6% and the domestic car market remaining weak, the expansion in demand will continue to slow, even after the signing of a phase-one trade deal with the U.S., CNPC’s Economics & Technology Research Institute said Monday in its annual report. The state-owned firm is China’s largest oil company.

“Negative impacts on the economy from U.S.-China trade frictions won’t be rooted out in the short term,” CNPC said in the report. The world’s two largest economies are set to draw a line under their dispute this week with the signing of an interim accord in Washington.

China’s apparent demand for oil -- that’s production plus net imports and changes to stockpiles -- may grow about 2.4% this year to 671.3 million tons, the researchers said, compared to a 5.2% rise for 2019. It would be the slowest pace since the global financial crisis of 2008, according to historical data from BP Plc, and a potential headwind for global prices given China’s heft in the market.