Why China's Oil Demand Could Crash - And Why it Matters

Описание: China has been by far the world's largest driver of oil demand growth throughout the 21st century. The country has accounted for close to half of the fuel's consumption rise over the past two decades amid its burgeoning economic growth and large swaths of the population entering the middle class.

But China's oil demand has been weaker than expected over the past one to two years. As the electric vehicle revolution sweeps the country, many research houses and experts now believe that China may have reached or be about to reach the peak in its oil demand.

If this were the case, this would have major implications for oil markets, oil prices - and consequently the prices we pay for a wide variety of goods.

So let's find out whether China's oil demand is actually set to fall in the years ahead.

00:00 - 03:10 Intro
03:10 - 04:30 How oil demand has developed globally since 1980
04:30 - 06:30 Why China's oil demand has grown by so much
06:30 - 08:30 Oil demand in China by sector
08:30 - 10:00 How road transport drives oil demand growth in China
10:00 - 13:30 How electric vehicles in China are affecting oil demand
13:30 - 16:51 Conclusion & summary

Sources used amongst others:
https://www.opec.org/opec_web/en/publ...
https://www.eia.gov/international/dat...
https://www.iea.org/reports/global-ev...