This is huge: China's refined oil consumption peaked in 2023, says the research arm of the China National Petroleum Corporation (CNPC). Will decline 1.3% in 2024, despite ~4.8% GDP growth projected this year. Why? EVs! (Mostly) www.reuters.com/world/china/... 🔌💡 🔌🚗
China’s oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday.
www.reuters.com
December 15, 2024 at 4:01 PM
This is huge: China's refined oil consumption peaked in 2023, says the research arm of the China National Petroleum Corporation (CNPC). Will decline 1.3% in 2024, despite ~4.8% GDP growth projected this year. Why? EVs! (Mostly) www.reuters.com/world/china/... 🔌💡 🔌🚗
Looks like China’s oil consumption peaked in 2023.
This is a Very Big Deal.
www.reuters.com/world/china/...
This is a Very Big Deal.
www.reuters.com/world/china/...
China’s oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday.
www.reuters.com
December 15, 2024 at 4:27 PM
Looks like China’s oil consumption peaked in 2023.
This is a Very Big Deal.
www.reuters.com/world/china/...
This is a Very Big Deal.
www.reuters.com/world/china/...
Former CNPC chairman sentenced to 13 years in prison for bribery reut.rs/3F9jgst
Former CNPC chairman sentenced to 13 years in prison for bribery
Wang Yilin, a former chairman of state-owned China National Petroleum Corp (CNPC), was sentenced to 13 years in prison for bribery and fined 3 million yuan ($416,667), according to state-run CCTV.
reut.rs
May 13, 2025 at 9:25 AM
Former CNPC chairman sentenced to 13 years in prison for bribery reut.rs/3F9jgst
if it’s a CCP op I think “Tim Walz laid more pipe in China than CNPC” is the kind of op you do when Trump is pushing you to give him something but actually you’d really prefer Harris
October 29, 2024 at 3:00 AM
if it’s a CCP op I think “Tim Walz laid more pipe in China than CNPC” is the kind of op you do when Trump is pushing you to give him something but actually you’d really prefer Harris
Good morning with good news: China's oil consumption will decline a lot by 2035!
Gasoline demand falls 35%-50% by 2035!
Diesel demand falls 35%-50% by 2035!
Why? Electrification with alternative fuel assist!
Falling Chinese oil demand is big climate win. #energysky
www.reuters.com/world/china/...
Gasoline demand falls 35%-50% by 2035!
Diesel demand falls 35%-50% by 2035!
Why? Electrification with alternative fuel assist!
Falling Chinese oil demand is big climate win. #energysky
www.reuters.com/world/china/...
China’s oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday.
www.reuters.com
December 15, 2024 at 11:13 AM
Good morning with good news: China's oil consumption will decline a lot by 2035!
Gasoline demand falls 35%-50% by 2035!
Diesel demand falls 35%-50% by 2035!
Why? Electrification with alternative fuel assist!
Falling Chinese oil demand is big climate win. #energysky
www.reuters.com/world/china/...
Gasoline demand falls 35%-50% by 2035!
Diesel demand falls 35%-50% by 2035!
Why? Electrification with alternative fuel assist!
Falling Chinese oil demand is big climate win. #energysky
www.reuters.com/world/china/...
Another example of thinking that oil's future will look like its past.
The iea is forecasting ZERO oil demand growth in China from now until 2030. Sinopec, CNPC, PekingU forecast decline after 2030.
Who'll buy AB's oil then? C'mon, brianjeanab, be better.
The iea is forecasting ZERO oil demand growth in China from now until 2030. Sinopec, CNPC, PekingU forecast decline after 2030.
Who'll buy AB's oil then? C'mon, brianjeanab, be better.
August 9, 2025 at 4:11 PM
Another example of thinking that oil's future will look like its past.
The iea is forecasting ZERO oil demand growth in China from now until 2030. Sinopec, CNPC, PekingU forecast decline after 2030.
Who'll buy AB's oil then? C'mon, brianjeanab, be better.
The iea is forecasting ZERO oil demand growth in China from now until 2030. Sinopec, CNPC, PekingU forecast decline after 2030.
Who'll buy AB's oil then? C'mon, brianjeanab, be better.
Yamal LNG plant in Sabetta and massive fields.
China National Petroleum Corporation (CNPC) holds a 20% stake in the Yamal LNG project, and China’s Silk Road Fund holds 9.9%. In 2014, CNPC signed a long-term offtake contract to purchase 3 million tons per year (mtpa) of LNG from Yamal LNG for 20+y
China National Petroleum Corporation (CNPC) holds a 20% stake in the Yamal LNG project, and China’s Silk Road Fund holds 9.9%. In 2014, CNPC signed a long-term offtake contract to purchase 3 million tons per year (mtpa) of LNG from Yamal LNG for 20+y
June 4, 2026 at 4:27 AM
Yamal LNG plant in Sabetta and massive fields.
China National Petroleum Corporation (CNPC) holds a 20% stake in the Yamal LNG project, and China’s Silk Road Fund holds 9.9%. In 2014, CNPC signed a long-term offtake contract to purchase 3 million tons per year (mtpa) of LNG from Yamal LNG for 20+y
China National Petroleum Corporation (CNPC) holds a 20% stake in the Yamal LNG project, and China’s Silk Road Fund holds 9.9%. In 2014, CNPC signed a long-term offtake contract to purchase 3 million tons per year (mtpa) of LNG from Yamal LNG for 20+y
In Niger, the gov is taking away its license to operate from Chinese-owned Hotel Soluxe. Why? Because Niger wants more money from Chinese oil companies SORAZ and CNPC. State-level business protection racket is the new cool
March 14, 2025 at 11:05 AM
In Niger, the gov is taking away its license to operate from Chinese-owned Hotel Soluxe. Why? Because Niger wants more money from Chinese oil companies SORAZ and CNPC. State-level business protection racket is the new cool
✅ #Actualización ¬ “Polo” impacta en BCS; hay saldo blanco: CNPC. Ahora golpeará Sonora como categoría 1
La interacción del ciclón con una vaguada en altura y el monzón mexicano favorecerá condiciones meteorológicas adversas en varias entidades del noroeste.
www.sinembargo.mx/4878401/polo...
La interacción del ciclón con una vaguada en altura y el monzón mexicano favorecerá condiciones meteorológicas adversas en varias entidades del noroeste.
www.sinembargo.mx/4878401/polo...
September 29, 2026 at 2:42 PM
✅ #Actualización ¬ “Polo” impacta en BCS; hay saldo blanco: CNPC. Ahora golpeará Sonora como categoría 1
La interacción del ciclón con una vaguada en altura y el monzón mexicano favorecerá condiciones meteorológicas adversas en varias entidades del noroeste.
www.sinembargo.mx/4878401/polo...
La interacción del ciclón con una vaguada en altura y el monzón mexicano favorecerá condiciones meteorológicas adversas en varias entidades del noroeste.
www.sinembargo.mx/4878401/polo...
The oil industry desperately needs us to use more plastic. Let's not.
"Oil demand from the petrochemical sector still has room to grow as China's per-capita plastic consumption is only around 60% of that of developed countries"
Also, isn't China a developed country?
"Oil demand from the petrochemical sector still has room to grow as China's per-capita plastic consumption is only around 60% of that of developed countries"
Also, isn't China a developed country?
China's oil consumption to tick up 1.1% in 2025, CNPC think tank says
China's oil consumption will rise 1.1% in 2025 to 765 million metric tons amid better than expected economic growth and increasing demand for petrochemicals, a think tank affiliated with state energy company China National Petroleum Corp (CNPC) said on Tuesday.
www.reuters.com
April 2, 2025 at 11:31 AM
The oil industry desperately needs us to use more plastic. Let's not.
"Oil demand from the petrochemical sector still has room to grow as China's per-capita plastic consumption is only around 60% of that of developed countries"
Also, isn't China a developed country?
"Oil demand from the petrochemical sector still has room to grow as China's per-capita plastic consumption is only around 60% of that of developed countries"
Also, isn't China a developed country?
China's CNPC inaugurates power unit in Beijing to drive new energy business reut.rs/49ZyflL
China's CNPC inaugurates power unit in Beijing to drive new energy business
China National Petroleum Corp (CNPC) inaugurated its power unit, China Petroleum Electric Energy Co Ltd, in Beijing on Monday, the state-owned oil giant said in a statement.
reut.rs
November 18, 2025 at 10:40 AM
China's CNPC inaugurates power unit in Beijing to drive new energy business reut.rs/49ZyflL
Atención: Parece que China ya alcanzó el pico de consumo de petróleo en 2023. Este 2024 la demanda de productos refinados de petróleo ya será menor.
La electrificación del transporte es la causa principal.
www.reuters.com/world/china/...
La electrificación del transporte es la causa principal.
www.reuters.com/world/china/...
China’s oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday.
www.reuters.com
December 15, 2024 at 4:28 PM
Atención: Parece que China ya alcanzó el pico de consumo de petróleo en 2023. Este 2024 la demanda de productos refinados de petróleo ya será menor.
La electrificación del transporte es la causa principal.
www.reuters.com/world/china/...
La electrificación del transporte es la causa principal.
www.reuters.com/world/china/...
Congress passed the 2017 tax cut based, in part, on $10 billion in revenue from ANWR lease sales. They got 0! No one's going to drill in a difficult/expensive environment when crude is $70/bbl & CNPC forecasts declining consumption!
Something to keep in mind when 2025 tax cuts are debated!
Something to keep in mind when 2025 tax cuts are debated!
NEW: No companies bid on rights to drill in the Arctic National Wildlife Refuge
January 8, 2025 at 4:48 PM
Congress passed the 2017 tax cut based, in part, on $10 billion in revenue from ANWR lease sales. They got 0! No one's going to drill in a difficult/expensive environment when crude is $70/bbl & CNPC forecasts declining consumption!
Something to keep in mind when 2025 tax cuts are debated!
Something to keep in mind when 2025 tax cuts are debated!
Setting aside the peak question, because that's a game very hard to play, there is no doubt that all the drivers for further oil consumption growth are in the rear-view now, in China.
www.reuters.com/world/china/...
www.reuters.com/world/china/...
China’s oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday.
www.reuters.com
December 14, 2024 at 10:05 PM
Setting aside the peak question, because that's a game very hard to play, there is no doubt that all the drivers for further oil consumption growth are in the rear-view now, in China.
www.reuters.com/world/china/...
www.reuters.com/world/china/...
This article mentions that while China's road fuel demand has peaked, they plan to use a lot more plastic to use that oil.
"China's booming electric vehicle (EV) industry will also drive consumption of plastics, which is more heavily used in EVs than in gasoline vehicles, Wu said."
"China's booming electric vehicle (EV) industry will also drive consumption of plastics, which is more heavily used in EVs than in gasoline vehicles, Wu said."
China's oil consumption to tick up 1.1% in 2025, CNPC think tank says
China's oil consumption will rise 1.1% in 2025 to 765 million metric tons amid better than expected economic growth and increasing demand for petrochemicals, a think tank affiliated with state energy company China National Petroleum Corp (CNPC) said on Tuesday.
www.reuters.com
April 2, 2025 at 12:58 PM
This article mentions that while China's road fuel demand has peaked, they plan to use a lot more plastic to use that oil.
"China's booming electric vehicle (EV) industry will also drive consumption of plastics, which is more heavily used in EVs than in gasoline vehicles, Wu said."
"China's booming electric vehicle (EV) industry will also drive consumption of plastics, which is more heavily used in EVs than in gasoline vehicles, Wu said."
Actualización ¬ Alerta máxima por "Erick" ¬ El huracán podría pegar entre Oaxaca y Guerrero: CNPC; 16 municipios suspenden clases
www.sinembargo.mx/4665944/el-h...
www.sinembargo.mx/4665944/el-h...
El huracán podría pegar entre Oaxaca y Guerrero: CNPC
El huracán "Erick", actualmente de categoría 1, podría intensificarse a categoría 2 en las próximas horas e impactar en Guerrero y Oaxaca, alertó la CNPC.
www.sinembargo.mx
June 18, 2025 at 3:08 PM
Actualización ¬ Alerta máxima por "Erick" ¬ El huracán podría pegar entre Oaxaca y Guerrero: CNPC; 16 municipios suspenden clases
www.sinembargo.mx/4665944/el-h...
www.sinembargo.mx/4665944/el-h...
"ExxonMobil e Petrobras arremataram 10 dos 19 blocos, a maioria em áreas sensíveis, logo na desembocadura do rio. Chevron Brasil e CNPC Brasil arremataram 9 blocos. O total de blocos arrematados representa 40% dos blocos ofertados na Foz do Amazonas."
Leilão da ANP abre 16,3 mil km² na Foz do Amazonas para exploração de petróleo e gás ⬇️
Petrobras e Exxonmobil arremataram a maior parte dos blocos leiloados. Área aberta para exploração é mais da metade do território da Bélgica
oeco.org.br/reportagens/...
Petrobras e Exxonmobil arremataram a maior parte dos blocos leiloados. Área aberta para exploração é mais da metade do território da Bélgica
oeco.org.br/reportagens/...
Leilão da ANP abre 16,3 mil km² na Foz do Amazonas para exploração de petróleo e gás - ((o))eco
Petrobras e Exxonmobil arremataram a maior parte dos blocos leiloados. Área aberta para exploração é mais da metade do território da Bélgica
oeco.org.br
June 17, 2025 at 6:27 PM
"ExxonMobil e Petrobras arremataram 10 dos 19 blocos, a maioria em áreas sensíveis, logo na desembocadura do rio. Chevron Brasil e CNPC Brasil arremataram 9 blocos. O total de blocos arrematados representa 40% dos blocos ofertados na Foz do Amazonas."
China's national oil company #CNPC has moved it's #peakoil year forward from 2030 to 2025. The reason: #renewables yes, but mainly #EVs. China will account for 65% of #EV growth in 2025. That’s bad news for OPEC, where 50% of its growth since 2000 came from #China
oilprice.com/Latest-Energ...
oilprice.com/Latest-Energ...
CNPC: China’s Oil Demand Could Peak in 2025 | OilPrice.com
China's oil demand growth is slowing down due to the rapid adoption of electric vehicles and the increasing use of LNG in the trucking sector.
oilprice.com
January 6, 2025 at 4:23 PM
China's national oil company #CNPC has moved it's #peakoil year forward from 2030 to 2025. The reason: #renewables yes, but mainly #EVs. China will account for 65% of #EV growth in 2025. That’s bad news for OPEC, where 50% of its growth since 2000 came from #China
oilprice.com/Latest-Energ...
oilprice.com/Latest-Energ...
Die chinesische CNPC und Gazprom unterzeichneten eine Absichtserklärung (Memorandum of Understanding) über den Bau von Sila Sibiri 2 ("Kraft Sibiriens") - eine Gasleitung von Russland über die Mongolei nach China.
September 2, 2025 at 7:22 AM
Die chinesische CNPC und Gazprom unterzeichneten eine Absichtserklärung (Memorandum of Understanding) über den Bau von Sila Sibiri 2 ("Kraft Sibiriens") - eine Gasleitung von Russland über die Mongolei nach China.
"Polo" impactará 2 veces: hoy en BC y mañana en Sonora; quédate en casa, pide la CNPC
La titular de la Coordinación Nacional de Protección Civil, Laura Velázquez, detalló que se prevé un primer impacto de "Polo" entre las 16:00 y las 18:00 horas de hoy.
www.sinembargo.mx/4877694/polo...
La titular de la Coordinación Nacional de Protección Civil, Laura Velázquez, detalló que se prevé un primer impacto de "Polo" entre las 16:00 y las 18:00 horas de hoy.
www.sinembargo.mx/4877694/polo...
September 28, 2026 at 2:34 PM
"Polo" impactará 2 veces: hoy en BC y mañana en Sonora; quédate en casa, pide la CNPC
La titular de la Coordinación Nacional de Protección Civil, Laura Velázquez, detalló que se prevé un primer impacto de "Polo" entre las 16:00 y las 18:00 horas de hoy.
www.sinembargo.mx/4877694/polo...
La titular de la Coordinación Nacional de Protección Civil, Laura Velázquez, detalló que se prevé un primer impacto de "Polo" entre las 16:00 y las 18:00 horas de hoy.
www.sinembargo.mx/4877694/polo...
if youre thirsty, theyre thirsty. share your water with them
September 25, 2026 at 8:22 PM
if youre thirsty, theyre thirsty. share your water with them
CHINESE CROSS-BORDER PAYMENT STOCKS SURGE ON YUAN STRAIT OF HORMUZ TOLLS AS TOLLS ARE COLLECTED IN CHINESE YUAN; CNPC CAPITAL, LAKALA, SYNTRON JUMP UP TO 10%
April 3, 2026 at 9:12 AM
CHINESE CROSS-BORDER PAYMENT STOCKS SURGE ON YUAN STRAIT OF HORMUZ TOLLS AS TOLLS ARE COLLECTED IN CHINESE YUAN; CNPC CAPITAL, LAKALA, SYNTRON JUMP UP TO 10%
CNPC pide extremar precauciones ante lluvias intensas y vientos fuertes en gran parte de México #ProtecciónCivil edomexaldia.com/cnpc-insta-a...
CNPC insta a reforzar medidas de autocuidado ante incremento de riesgos asociados a lluvias y vientos fuertes - Edomex Al Día
● Se pronostican precipitaciones en la mayor parte del país; aumenta probabilidad de deslizamientos de laderas e inundaciones en puntos vulnerables ● Se sugiere identificar el refugio temporal más cer...
edomexaldia.com
October 1, 2026 at 5:59 PM
CNPC pide extremar precauciones ante lluvias intensas y vientos fuertes en gran parte de México #ProtecciónCivil edomexaldia.com/cnpc-insta-a...
Russia’s Gazprom and China’s CNPC have signed a “legally binding memorandum” to build the Power of Siberia 2 pipeline, which could make Russia the largest gas supplier to the Chinese market.
meduza.io/en/news/2025...
meduza.io/en/news/2025...
Russia and China sign ‘legally binding’ agreement to build major new gas pipeline — Meduza
Russia’s Gazprom and China’s CNPC have signed a “legally binding memorandum” to construct a new gas pipeline, Gazprom CEO Alexei Miller announced on Tuesday.
meduza.io
September 2, 2025 at 8:11 AM
Russia’s Gazprom and China’s CNPC have signed a “legally binding memorandum” to build the Power of Siberia 2 pipeline, which could make Russia the largest gas supplier to the Chinese market.
meduza.io/en/news/2025...
meduza.io/en/news/2025...