China Fuel Demand Under Pressure as Pricier Oil Adds to EV Push
China’s gasoline demand is expected to slide further this year, as the Iran war pushes up oil prices and accelerates a long-term shift away from the internal combustion engine.
By Charlie Zhu, Sarah Chen, Rong Wei Neo · Bloomberg Markets
China’s gasoline demand is expected to slide further this year, as the Iran war pushes up oil prices and accelerates a long-term shift away from the internal combustion engine.