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China’s Top Oil Firm Sees Demand Growth Cut in Half in 2020

China Petroleum and Chemical Corp. (Sinopec) Gas Station As Company Announces Earnings Results
Photographer: Anthony Kwan/Bloomberg

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The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be felt, according to researchers at China National Petroleum Corp.