China Is Quickly Becoming The World’s Largest Refiner ...Middle East

In its new medium-term report on oil that came out last week, the International Energy Agency predicted that oil demand will peak by 2028. This is not the first time the IEA is predicting peak oil and the reason is also the same as the reason for previous predictions to this tune: a surge in EV adoption that would displace demand for fuels. Yet the new IEA report also mentioned something else that would probably make politicians in Europe and North America who want to ban internal combustion engines quite happy. What the report mentioned…

Hence then, the article about china is quickly becoming the world s largest refiner was published today ( Friday 16/06/2023 - 03:05 AM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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