China, the world's largest oil importer, is experiencing a pivotal moment in its energy landscape. As the nation embarks on a decarbonisation journey, its oil demand has entered a low-growth phase. The adoption of electric vehicles and lng trucks is expected to replace approximately 10%-12% of gasoline and diesel consumption this year alone.

Decarbonisation drives 10%-12% reduction in China's fuel consumption

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Decarbonisation drives 10%-12% reduction in China's fuel consumption