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How is China reducing the consumption of transport fuels? Is that driven by changes in individuals' fuel consumption patterns or by a change on the industrial s
by wilkommen 4mo ago
How is China reducing the consumption of transport fuels? Is that driven by changes in individuals' fuel consumption patterns or by a change on the industrial side?
- vannevar 4mo agoAnother article from the other day contains this: And even more importantly, China has slashed its crude imports, turning instead to massive stockpiles. (https://www.cnn.com/2026/06/09/business/oil-strait-of-hormuz-iran-gas-prices https://www.cnn.com/2026/06/09/business/oil-strait-of-hormuz...) Sounds like they're burning through their reserves as well. But since China's economy is more centrally controlled, it's likely they keep bigger reserves.
- RetroTechie 4mo agoChina's agressive ramp-up of EVs has progressed to where it causes a noteable dent in gasoline demand. Which iirc peaked a while ago. Of course there's plastics & other uses. But China has gone big on renewables & battery tech as you know. It definitely helps.