Vitol head of research:
China will continue to play an important role in global oil demand.Global oil demand to peak only in the 2030s, later than expected due to lower pick-up in EVs and commitments to environmental targetsLPG, naphtha, and jet fuel to drive global oil demand growth in 2025-2030China is restarting oil demand growth on rising domestic crude output and net petroleum importsChina’s road transportation oil demand has peaked, with petrochemicals driving consumption growthChina LNG truck sales fell sharply in September as the price gap with diesel narrowed
This article was written by Eamonn Sheridan at www.forexlive.com.
