CNPC bets on 5% oil demand growth in 2023 as China tries to erase pandemic pain
China’s oil demand is set to come out of the red and post a robust 5.1% year-on-year growth in 2023, creating ample opportunities for refiners to lift throughput to meet incremental demand at home, while keeping a lid on product exports, a leading state-owned think tank said. The Economics and Technology Research Institute, part of China National Petroleum Corporation, said…