China's Electric Vehicle Shift Affects Demand
This is a China news story, published by OilPrice, that relates primarily to Russell Hardy news.
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global peak oil demandOilPrice
•World’s Top Oil Trader Sees China’s Gasoline Demand Peaking by 2025 | OilPrice.com
77% Informative
China ’s gradual shift toward electric vehicles will bring about domestic gasoline demand peaking, Vitol Group CEO Russell Hardy says.
Vitol pushed back its expected timeline for global peak oil demand beyond 2030 earlier this year .
China 's road fuel demand in China has been weaker than expected this year , especially diesel consumption, amid the property crisis and a structural change in transportation.
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