Vitol says China is restarting oil demand progress

Vitol head of analysis:

• China will proceed to play an necessary position in world oil demand.
• World oil demand to peak solely within the 2030s, later than anticipated as a consequence of decrease pick-up in EVs and commitments to environmental targets
• LPG, naphtha, and jet gasoline to drive world oil demand progress in 2025-2030
• China is restarting oil demand progress on rising home crude output and web petroleum imports
• China’s highway transportation oil demand has peaked, with petrochemicals driving consumption progress
• China LNG truck gross sales fell sharply in September as the value hole with diesel narrowed

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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