Sinopec Forecasts 8.9% Drop in China Oil Demand by 2026 Amid EV Surge
Sinopec warns of an 8.9% decline in Chinese oil demand by 2026, driven by aggressive EV adoption and high fuel prices, prompting…
Sinopec warns of an 8.9% decline in Chinese oil demand by 2026, driven by aggressive EV adoption and high fuel prices, prompting…
Chinese electric vehicle makers hit a record 10% share of Europe's new car market in May, underscoring rapid inroads by BYD and…
China’s oil demand decline, fueled by surging EV sales and a property crisis, is reshaping global crude markets and adding downside pressure…
European auto sales expanded for a second straight month in April, with electric and hybrid vehicles driving growth, signaling a pivot to…
Higher oil prices are suppressing China's traditional fuel consumption while accelerating EV transition, threatening long-term demand growth for crude in the world's…