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NewsDesk MC March 20, 2026March 20, 2026 china, CNOOC, cnpc, crudeoil, DaqingOilField, energypolicy, energysecurity, Geopolitics, globalenergy, imports, industrialdemand, iraq, MiddleEast, offshoredrilling, oilmarkets, oilproduction, productionplateau, SaudiArabia, shaleoil, tertiaryrecovery, ZhuWeilin

China oil output peaks near limits despite record gains

Beijing— China has reached near the limits of its domestic oil production capacity after hitting a record high in 2025,

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NewsDesk MC March 20, 2026March 20, 2026 airtravel, demandmanagement, economicimpact, energycrisis, energydiplomacy, energyprices, FatihBirol, fuelconsumption, globalenergy, globalinflation, iea, InternationalEnergyAgency, oilmarkets, oilrelease, oilstocks, Paris, policyresponse, strategicreserves, UnitedStates, USIsraelIranWar, workfromhome

IEA urges demand cuts as war-driven energy surge strains consumers

Paris— The International Energy Agency on Friday proposed measures including working from home and avoiding air travel to ease pressure