China refiner Sinopec foresees headwinds easing despite Iran uncertainty
HONG KONG -- Sinopec executives expect pressure on refined oil demand to ease in the second half of 2026 and that earnings will continue to beat estimates, despite ongoing uncertainty in the Middle East and disruptions from alternative energy.
State energy giant gives upbeat outlook for second half after 19.3% profit jump in first
Cars line up at a Sinopec gas station on March 22, amid the U.S.-Israeli conflict with Iran. © Reuters
HONG KONG -- Sinopec executives expect pressure on refined oil demand to ease in the second half of 2026 and that earnings will continue to beat estimates, despite ongoing uncertainty in the Middle East and disruptions from alternative energy.
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