China hits record oil and gas output. So why is it warning of a dual squeeze?
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Source: South China Morning Post
Published: 2026-07-22 17:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Asia, Energy, Economy & Finance, China, Business & Economy, Asia Pacific
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Snippet:
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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