Energy

China's oil demand to peak in 2027, energy watchdog says

More EVs, high-speed rail network behind trend; Indian demand notches higher

20250617 china refinery

Slowing demand in China is set to contribute to a significant surplus in oil by the end of this decade, according to the International Energy Agency. © Reuters

SHOTARO TANI
June 17, 2025 17:01 JST
Updated on June 17, 2025 19:06 JST

TOKYO -- China's oil demand is set to peak in 2027, the International Energy Agency said, a trend that it calls a "fundamental transformation" in the global energy market.

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