Published: Mar 09, 2024, 06:00 IST | Updated: Mar 09, 2024, 06:00 IST
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.