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By Mohi Narayan (Reuters) - China's demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, br...

China's demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone for the world's biggest polluter and a headache for global refiners, reports Reuters. The International Energy Agency (IEA) and consultancy Rystad Energy have brought forward forecasts of China's…

Chinas petrol demand could peak in 2024 as electric vehicle sales surge, posing challenges for global refiners. The shift will increase exports of motor fuel and affect refining margins in the region. As EV sales accelerate, gasoline demand is expected to decline, potentially creating a surplus in global gasoline markets by 2025. China is also focusing on petrochemical production, causing a glut and prompting investment shifts toward energy transition materials.

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

/PRNewswire/ -- The "Global Advanced Materials Market (2023-2028) by Product Type, Application, and Geography, Competitive Analysis, Impact of Covid-19 with...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

China is to strictly control the approval and size of new coal-to-chemical projects as authorities prioritise strengthening supply of coal to power plants, according to a statement released by the...

And, again i think that if people want to have a discussion, that co2 is the cause, then lets get serious about what we can do to reduce that. and again, there is all kinds of things that we can do that a more effective than the crazy plans that are in place right now. and i say crazy because they dont match economics, physics, or any aspect of common sense. if you want to take our country and have it run on all ev vehicles, and then china produces 85% of all the rare earth minerals in the world...

With European gas policies discouraging long-term contacts, unless changed, Qatar LNG will be shunning Europe, opting for Asian clients who are more willing to enter into such contracts. [Gas in Transition, Volume 3, Issue 6]

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