Insight
Focus on China oil demand: Is it growing or not?
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Report summary
Oil market sentiment in H2 2024 is weighed down partly by expectations that demand in China is not growing this year and has already peaked. Is China’s oil demand growing? Our view contrasts with the widely held negative view on China’s demand. Highlights of this Insight include our forecast for China’s oil demand in 2024-2026, sources of growth with varying trends and risks to the near-term outlook.
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