Peak oil: China’s crude demand set to fall as EV bets ease Hormuz fears

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Source: South China Morning Post
Published: 2026-07-07 16:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Asia, Energy, China, Business & Economy, Asia Pacific
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Snippet:
China now faces challenge of too much refining capacity as electric vehicles, especially trucks, slash demand, CNPC officials say
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