China's oil demand may peak as it shifts to alternative energy sources

From Investing.com: 2024-12-11 07:13:00

Global oil demand has grown by 10 Mb/d from 2010 to 2022, with China driving over 60% of the growth. However, China’s demand for oil could peak next year, as the country shifts towards alternative energy sources and its economy matures, leading to slower growth rates. This shift could impact oil prices in the future, putting pressure on production.

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Read more at Investing.com: China Is No Longer the Marginal Buyer of Oil