Hong Kong — China’s apparent refined fuel demand is expected to increase by 10% year-on-year in the second half of 2023, the President of PetroChina Huang Yongzhang said on Thursday.
The state-owned oil and gas giant also expects crude oil prices in the second half to be similar to the first within the range of $75 to $85 per barrel, said Huang, speaking at a press conference following the release of the company’s interim results on Wednesday.
(Reporting by Alison Lui in Hong Kong, Andrew Hayley in Beijing and Aizhu Chen in Singapore; Editing by Christian Schmollinger) – Reuters
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