PetroChina Sees Chinese Fuel Demand Rising By 3% From Pre-Covid Levels ...Middle East

China’s fuel demand is expected to rise by 3% in 2023 compared to the pre-Covid levels of 2019, state-owned giant PetroChina said on Thursday in an upbeat outlook on Chinese oil consumption this year. China’s natural gas demand is also expected to increase this year by 5.5% compared to 2022 when demand was depressed due to the Covid lockdowns, PetroChina executives said during an earnings briefing, as carried by Reuters. On Wednesday, PetroChina reported record revenues, net profit, and free cash flow for 2022. The company’s revenue…

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