Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears
China's crude oil demand is projected to peak this year, influenced by increased electric vehicle adoption and the recent Strait of Hormuz crisis. This shift is expected to significantly impact the global energy market, as noted by CNPC's vice-president at an event in Hong Kong.
crude oil demand China electric vehicles Strait of Hormuz global energy market
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Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears
South China Morning Post —