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After Decades, China Sputters as Engine of Global Oil Demand Growth

2024-07-22T111645Z_2142447524_RC2809AX8YS1_RTRMADP_3_SOUTHCHINASEA-PHILIPPINES-MARCOS

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Reuters

11:18 JST, December 3, 2024

SINGAPORE (Reuters) – China’s crude oil imports are on track to peak as soon as next year as transport fuel demand begins to decline for the world’s top crude buyer, ending the country’s decades-long run as the dominant driver of expanding oil consumption.

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