China’s Sinopec Says Peak Gasoline Demand Already Passed ...Middle East

OILPRICE - Economy
China’s Sinopec Says Peak Gasoline Demand Already Passed
source : OILPRICE ( Middle East ) () 67
China's EV boom has prompted oil giant Sinopec to adjust its oil demand forecasts, saying peak domestic gasoline demand has already passed and it’s going to be downhill from here. If accurate, the repercussions will be global considering China has for long been the biggest growth market for refined oil products. According to CNEV Post, Chinese new car buyers are now choosing "new energy vehicles" (battery-electric and plug-in hybrid cars) at a rate of 37.8%, up from just 5.4% in 2020.  Whereas Scandinavian countries like Norway (87.8%),…

Hence then, the article about china s sinopec says peak gasoline demand already passed was published today ( ) 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.

Read More Details
Finally We wish PressBee provided you with enough information of ( China’s Sinopec Says Peak Gasoline Demand Already Passed )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy
HelloNation Highlights Residential Moving With Moving Expert Steve Favato
PR Newswire - before 11 hour & 59 minute
US Crude Inventories Slide
OILPRICE - before 10 hours & 59 minute
vivo X500 Series Debuts with Advanced ZEISS Telephoto Lens System and Cinematic Video Capabilities
PR Newswire - before 8 hours & 26 minute
UFP Industries to Host Third Quarter Financial Results Conference Call and Webcast
PR Newswire - before 11 hour & 59 minute
KNOWIDEA Launches VeriPIE to Reduce Decision Risk with Verified AI Predictions
PR Newswire - before 10 hours & 46 minute
GIGABYTE AI TOP ATOM mit 64 GB Unified Memory erweitert die Möglichkeiten für die KI-Entwicklung am Desktop
PR Newswire - before 3 hours & 22 minute
G7’s 100 Million Barrel Release Is Mostly Already Priced In
OILPRICE - before 10 hours & 14 minute
McDonald's hit with class action alleging AI-powered menu price-fixing
Business Standard - before 3 hours & 42 minute
SpaceX in talks with investors to borrow $40 billion to buy Nvidia chips
Business Standard - before 4 hours & 34 minute
AMTD IDEA Group Announces ADS Ratio Change
PR Newswire - before 11 hour & 44 minute
Europe's Power Grid Is Digitalizing Faster Than Regulators Can Keep Up
OILPRICE - before 11 hour & 13 minute
Best of Opinion: Will GST Council meet give process reforms a push?
Business Standard - before 7 hours & 25 minute


Latest News

Maharashtra gives Ola, Uber, Rapido 9 months to go fully electric

before 8 minute

Australia's High Court Blocks Major Coal Mine Expansion Over Emissions

before 22 minute

14,677% returns in 5 years! Cupid share price zooms 228% YTD, hits new high

before 37 minute

Inflation trajectory holds key for further rate hikes: Aditi Nayar, ICRA

before 50 minute

RBI rate hike may pressure housing affordability, but demand seen resilient

before hour & 4 minute

Cerillion Recognised in the 2026 Gartner® Magic Quadrant™ for CSP AI-Enabled Marketing and Sales Solutions

before hour & 12 minute

Digital credit push for micro firms as govt asks banks to step up lending

before hour & 16 minute

Ein Bericht der Linux Foundation Europe kommt zu dem Ergebnis, dass digitale Souveränität die europäische Technologiestrategie vorantreibt, Governance und KI jedoch erhebliche Hürden darstellen

before hour & 25 minute

Why New Gurugram Is Moving From a Residential Hub to a Complete Urban Economy: Orris Infrastructure Explains

before hour & 28 minute

Kanohar soars 20% on huge volumes; what's driving newly listed stock?

before hour & 41 minute

Chevron, Shell and BP Pull Workers From the Gulf Ahead of Hurricane

before hour & 49 minute

23 Indians rescued after oil tanker attacked off Russia's Black Sea coast

before hour & 54 minute

LG CNS présente sa solution AX dédiée à la fabrication pharmaceutique lors du plus grand salon mondial dédié à l'industrie pharmaceutique et aux biotechnologies

before 2 hours & 16 minute

Son Heung-min surpasses Cha Bum to become top goal scorer for South Korea

before 2 hours & 23 minute

RBI MPC outcome: Experts see another 25-bps hike as inflation heats up

before 2 hours & 50 minute