2020
DOI: 10.1007/s12182-020-00501-6
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Review on the petroleum market in China: history, challenges and prospects

Abstract: The petroleum industry plays an essential role in driving China's economic development. In the past few decades, several reforms in the petroleum industry have been implemented; however, there are still some issues that have not been resolved. Moreover, with the new-normal economy, the transition to green energy and international trade disputes, the petroleum market is also facing emerging challenges. Therefore, the purpose of the present study is to review the historical development of China's petroleum marke… Show more

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Cited by 45 publications
(6 citation statements)
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References 39 publications
(42 reference statements)
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“…In anticipation of continued growth in oil consumption, 20 percent of provincial stimulus spending is earmarked for investments in oil refining [66] . This is likely to further exacerbate existing overcapacities in China’s refinery sector [67] , and it will reinforce carbon lock-in in the affected provinces.…”
Section: The Covid-19 Crisis and Lock-ins In Oil And Gas Industriesmentioning
confidence: 99%
“…In anticipation of continued growth in oil consumption, 20 percent of provincial stimulus spending is earmarked for investments in oil refining [66] . This is likely to further exacerbate existing overcapacities in China’s refinery sector [67] , and it will reinforce carbon lock-in in the affected provinces.…”
Section: The Covid-19 Crisis and Lock-ins In Oil And Gas Industriesmentioning
confidence: 99%
“…These days, corner stores turn out to be more alike help station centers, selling oil-based goods. The pattern later on will turn out to be more centered on non-oil administrations [4] . Non-oil businesses in service stations turn out to be more effective and produce more income.…”
Section: Market Strategies Of Gas Stationsmentioning
confidence: 97%
“…In order to cope with the shortage of oil resources and the increasingly stringent emission regulations, improving thermal efficiency and reducing harmful emissions of gasoline engine have been highlighted by researchers. Based on the mature in-cylinder direct injection technology and intake turbocharging technology, lean combustion under a high compression ratio can be realized to effectively improve the thermal efficiency of gasoline engine. In order to achieve stable lean combustion, from the perspective of fuel composition of gasoline engine, adding hydrogen-rich syngas to gasoline engine for blending combustion is considered in this paper .…”
Section: Introductionmentioning
confidence: 99%