China’s oil use will reach a maximum 16.9 million barrels a day by 2027, peaking roughly two years earlier than previously forecast, according to the IEA’s report.

IEA forecasts oil demand peak at 105.6 million bpd by 2029 China's oil demand to peak in 2027 due to EV growth US demand boosted by lower gasoline prices, slower EV adoption IEA sharply cuts ...

World demand will rise by 720,000 bpd this year, the IEA said, down 20,000 bpd from last month’s forecast. Supply will increase by 1.8 million bpd, up 200,000 bpd from last month, partly due to ...

The International Energy Agency said China's oil demand will stop growing earlier than expected. The IEA predicts the nation's demand will top out in 2027, and worldwide oil use two years after that.

LONDON (Reuters) -Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in ...

China’s oil use will reach a maximum 16.9 million barrels a day by 2027, peaking roughly two years earlier than previously forecast, according to the IEA’s report. Besides the ascent of EVs, ...

Despite seeing an earlier demand peak for China, the IEA, which advises industrialised countries, stuck to its prediction that global demand will peak by 2029. This view sharply contrasts with ...

LONDON (Reuters) -Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in the ...