BEIJING: China’s rapid shift to electric vehicles is reshaping the world’s largest auto market and dulling growth in the transport fuel demand that once underpinned its appetite for imported crude, including heavy oil from Venezuela. The International...
Tag : crude imports
Amidst the scenic sunsets over Heilongjiang's Daqing oil field, the backdrop for China's oil sector tells a different story, with the nation grappling with a notable downturn in its crude oil market. Throughout the first...