[AdamB]

Chinese peak oil demand...strikes!! Maybe.

The world's top oil importer, China, could be just years away from its own peak in domestic demand for oil products, Chinese refiners have started to warn, but consumer preferences and government policies about transport electrification and support for EVs are likely to determine whether Chinese domestic oil consumption will peak around 2025.

[AdamB]

Pandemic and the end of oil

The pandemic-related drop in oil demand in 2020 has led a number of analysts to argue that the
peak in global oil demand is much more certain and imminent than previously anticipated. Here the
thinking is that progress underway in the electric utility sector replacing coal with lower carbon emitting
natural gas and renewable fuels (still quite low on a global scale) can be replicated in the transportation
sector.

[AdamB]

When will oil demand peak? It depends on who you ask.

Fitch Solutions, for example, doesn’t see oil demand peaking within its forecast period, which runs to 2032, according to Emma Richards, an associate director of oil and gas at the company.

When will oil demand peak?