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Platts Report: China oil demand rises 2.9% in October from year ago, YTD up 2%

Green Car Congress

NOVEMBER 26, 2014

China’s apparent oil demand in October rose 2.9% million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data. Despite the year-over-year increase, China’s apparent oil demand in October slipped 2.5% Meanwhile, total apparent oil demand was 9.96 year over year to 42.65 million mt.

Oil

Oil China Stimulus Chinese

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

JANUARY 4, 2021

Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. Chinese car producer BYD even recorded a 337.25% increase in March sales amongst its fully electric and hybrid car models.

Economy

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EV Driven

Platts Report: China oil demand rises 2.9% in October from year ago, YTD up 2%

Can Electric Vehicles Speed Up As The Economy Slows Down?

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