China’s Oil Demand to Remain Weak Until At Least Mid-2026

China’s oil demand will likely stay tepid for months ahead, at least until the middle of 2026, according to private refiner Hengli Petrochemical. “It’s difficult to find a very bright spot unless the government rolls out new policy at beginning of next year,” Janet Kong, chief executive officer of the Singaporean unit of the refiner, told Bloomberg on the sidelines of the Financial Times Commodities Asia Summit in Singapore. China’s demand for road transportation fuels such as gasoline and diesel has been hit in recent…