NUMBER OF THE DAY
China’s electric heavy-duty trucks will reduce daily diesel consumption by this amount, forecasts energy expert Rystad Energy.
🚛 E-Trucks Surpass Gas: In June, electric heavy trucks outsold LNG trucks for the first time. China’s oil demand already peaked in 2023 at 399 million tons.
⚡ Oil Giants Under Pressure: PetroChina and Sinopec report declining diesel/gasoline sales. Sinopec is investing in CATL and planning 500 battery-swap stations by 2025.
Watch: The electrification of heavy-duty transport marks a turning point for global oil markets. China’s rapid transition in transport could cause diesel demand to collapse faster than expected.
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