HomeNews listOBJECTIVE PRESSChina Prepares For Peak Oil Demand

China Prepares For Peak Oil Demand

  • September 28, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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Peak oil demand is coming to China; this message has been conveyed repeatedly by forecasters such as Wood Mackenzie and by China’s very own state oil majors. Given China’s current importance for oil markets and the importance of oil for its economy, the implications of peak demand could be substantial. And they will not necessarily be to the liking of transition fans. Earlier this year, Sinopec and PetroChina saw gasoline demand in China peaking in 2025, driven down by rising sales of electric vehicles. The IEA and Rystad…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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