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The world’s top oil importer, China, could be just years away from its own peak in domestic demand for oil products, Chinese refiners have started to warn, but consumer preferences and government policies about transport electrification and support for EVs are likely to determine whether Chinese domestic oil consumption will peak around 2025.
China’s largest refiner, Sinopec, said at the end of last year that domestic demand for oil products would peak by 2025 due to COVID impacts and the rise of electric vehicles, Argus reported, citing Sinopec’s research think-tank as saying in its annual report.
“China’s oil products will enter a final growth phase before peaking in the next five years,” the Economics and Development Research Institute (EDRI) at Sinopec said, as carried by Argus.
Lunar New Year festivities look set to be less of a family affair in 2021.
(Bloomberg) For Rachel Tian and millions of other Chinese people Lunar New Year festivities look set to be less of a family affair in 2021.
The Beijing-based securities analyst would normally be preparing to drive to her hometown of Baoding in Hebei province, about two hours away by car, to spend time with her parents. But this year she’s decided to follow the advice of her daughter’s elementary school that children not leave the Chinese capital over the holidays.
“I can’t leave her here and drive back myself,” Tian said. “So this holiday will be the first time in my life that I will not be with my parents.”
Modern Diplomacy
Published 2 months ago
At a time when global attention is focused on the fight against the pandemic and the global effort to vaccinate populations, terrorist organizations and organized crime are trying to take advantage of the situation to carry out operations to finance their operations. In this context, Morocco’s announcement of the arrest of an alleged international con man linked to Hezbollah is considered a success for the Moroccan security services.
According to an official statement relayed by the Moroccan Official Agency, a suspect was arrested last Wednesday by the National Brigade of the Judicial Police (BNPJ). The 57-year-old Lebanese national is linked to the Hezbollah movement, an organization supported by Iran and considered as a terrorist group by the United States, the Netherlands and the United Kingdom. During the search conducted by the Moroccan police force, following intelligence and investigative work carried out by the Directorate General