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Story summary
- Sinopec expects oil demand to drop 600,000 barrels per day, an 8.9% decline in 2026.
- It forecasts gasoline consumption falling 8.7% to 149 million tons and diesel 11.4% to 164 million tons in 2026.
- Jet fuel demand is projected to rise 1.3% to 41.55 million tons in 2026.
- Sinopec sets a 2026 oil-throughput target of 113 million tons for the second half of the year.
