CNPC: China’s Oil Demand Could Peak in 2025 ...Middle East

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CNPC: China’s Oil Demand Could Peak in 2025
source : OILPRICE ( Middle East ) () 63
Oil demand in China, the world’s top crude importer, could peak as early as next year as the penetration of electric vehicles and LNG trucks is accelerating, state-owned China National Petroleum Corporation (CNPC) said on Tuesday. At this time last year, CNPC expected a peak in oil demand coming to China by 2030. Now, after a year of EVs and LNG-fueled trucks displacing some gasoline and diesel demand, respectively, the peak in China’s oil demand may occur five years earlier, in 2025, according to a report by CNPC economists carried…

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