China’s diesel demand has peaked, gasoline to peak 2025 – CNPC research
China’s diesel demand has peaked and gasoline will peak in 2025, according to a forecast released on Tuesday by a research arm of state energy group China National Petroleum Corp (CNPC).
CNPC also said China’s total oil demand will peak at around 690 million tonnes a year (13.8 million barrels per day) by 2030.
China, the world’s top crude oil importer, will maintain an annual crude oil production of 200 million tonnes, or about 4 million barrels per day, before 2030, CNPC said.
Source: Reuters (Reporting by Meng Meng and Chen Aizhu; Editing by Tom Hogue)