|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.06.26 - 12:30
|
China Is Learning To Use Less Oil, And That′s A Bigger Deal Than It Sounds (ZeroHedge)
|
|
|
China Is Learning To Use Less Oil, And That's A Bigger Deal Than It Sounds
By Julianne Geiger of OilPrice.com
Three months into the biggest oil supply disruption in modern history, China appears to have discovered something that should make oil bulls at least a little uncomfortable.
It can get by on less fuel than anyone thought.
China's gasoline and diesel demand has been falling for years as electric vehicles gained market share and economic growth slowed. But the latest drop has surprised even seasoned observers.
According to Reuters, gasoline sales at Sinopec, China's largest refiner and fuel retailer, fell 8% year over year in April, while diesel sales dropped 6%. Goldman Sachs estimates that consumption of gasoline and related products may have fallen by as much as 20%.
China has slashed crude imports since the Iran war began, with May imports plunging 29% to 7.8 million barrels per day—the lowest level in eight years. Until recently, many analysts viewed those cuts primarily as a f...
|
|
|
12.06.26 - 11:45
|
ENN Reportedly Mulls Abandoning Privatization Plan for ENN ENERGY (AAStocks)
|
|
|
ENN ENERGY (02688.HK)'s largest shareholder ENN (600803.SH) is considering abandoning its nearly USD12 billion buyout offer for the Hong Kong-listed company, Bloomberg reported, citing people familiar with the matter. ENN Natural Gas may decide not to extend the deadline for fulfilling the preconditions of the privatization ......
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
