Chinese refining giant Sinopec sees Chinese economy extending recovery, fuel demand up | Forexlive

Chinese refining giant Sinopec Corp says its planning to maintain steady refinery output during the second half of 2023. The firm is expecting domestic fuel demand to further recover.

• plans 127 million metric tons of crude throughput, about 5.04 million barrels per day, between July and December, versus 126.54 million tons during the first six months
• “The Chinese economy is seen extending its recovery. Domestic refined fuel demand is looking up and natural gas demand will maintain growth and that of chemical products will rebound gradually”