BUSINESSSCMP WORLD
Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears
China’s crude oil demand is expected to peak this year, with slowing transport fuel use offsetting gains in petrochemical demand. Executives from China National Petroleum Corporation cited this trend as a factor reshaping the global energy market amid the Strait of Hormuz crisis.
Mentioned
Related Signal
Adjacent reporting
- Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears
- A flood of oil is set to hit energy markets. Here’s how much crude may be unleashed.
- Global oil demand to plunge amid disruptions caused by war on Iran: IEA
- Saudi Oil Sales to China to Halve as Hormuz Crisis Lifts Prices
- Oil prices rally on Hormuz talks but will Asia’s energy woes ease?