Annual Information Service
China Oil & Gas
|Published by||Fitch Solutions, Inc.||Product code||177574|
|Published||annual subscription||Content info||113 Pages|
|China Oil & Gas|
|Published: annual subscription||Content info: 113 Pages||
China's upstream outlook will diverge over the next 10 years, with crude oil output anticipated to see structural declines,
while that of natural gas rises. The refining sector is set to see robust capacity additions over the next few years, although rising
competition in exports, sluggish domestic demand, and the outbreak of Covid-19 paint a challenging outlook for domestic refiners.
The phase one trade deal with the US, signed in January 2020, has the potential to significantly alter China's current oil and gas
imports mix if it were to be realised in full, as existing suppliers would need to give way to accommodate the surge in US supply.