#oil-consumption
PetroChina forecasts Chinese oil consumption will drop 4.9% this year
China's oil use is set to decline in 2026. This shift comes as the nation embraces new energy sources and faces elevated oil prices. PetroChina's research unit predicts a 4.9% drop in consumption that year. Oil demand is expected to plateau and fall further b…
India could save $45 billion in forex by following Prime Minister Modi's advice
The estimate is based on relatively modest behavioural changes: a 10% reduction in crude oil, gold, and edible oil consumption; a 50% cut in fertiliser imports; and a complete stop to discretionary spending on foreign travel