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China hits record oil and gas output. So why is it warning of a dual squeeze?

  • Posted on July 22, 2026
  • By South China Morning Post
  • 0 Views
  • 1 min read
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China hits record oil and gas output. So why is it warning of a dual squeeze?
China hits record oil and gas output. So why is it warning of a dual squeeze?

Beijing’s energy regulator has set more cautious production targets this year after a record 2025 as mature fields deplete and extraction challenges mount.
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Author
South China Morning Post

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