China Accelerates Oil Production in Bid to Reclaim Peak Output
China is making a stealthy push to significantly boost its domestic oil production, aiming to surpass its all-time high by 2025. This ambitious target comes after years of decline in the industry, but recent advancements in extraction techniques and a renewed focus on domestic energy security are propelling the resurgence. The country’s previous peak output was achieved in 2015 at around 4. 3 million barrels per day. […]
