Post #4506234
2024-11-28 12:58 UTC
The more rapid-than-expected uptake of EVs has shifted views among oil forecasters at energy majors, banks and academics in recent months. Unlike in the US and Europe - where peaks in consumption were followed by long plateaus — the drop in demand in the world’s top crude importer is expected to be more pronounced. Brokerage CITIC Futures Co. sees Chinese gasoline consumption dropping by 4% to 5% a year through 2030.
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@HandgunYoga@mastodon.world 2024-11-28 12:58
The growing popularity of electric trucks, as well as those that run on liquefied natural gas, is also weighing on demand for diesel. Chinese consumption of the fuel peaked in 2019 and will drop by 3% to 5% a year through 2030, UBS Securities Co. said in a note this month.