In the battle against climate change, human beings have to resort to non-fossil energy and low-carbonization to realize green development. China, in response to the call, has accelerated its industrial upgrade in the energy sector, despite economic challenges in the post-pandemic era. Against this backdrop, China’s petroleum industry is set to face more uncertainties which could be transformed into opportunities. How will China unwrap its demand for refining feedstocks with a ceiling to its refining capacity? What plans might the country have on oil product exports in an effort to reduce carbon emission? JLC analysts are here to share with you their insights into the future development of China’s petroleum industry.