China's Petroleum Consumption to Peak in 2025
In 2024, China's investment in non-fossil fuels comprised one-third of global investments, causing a 1.7% decrease in refined oil consumption year-on-year; consumption is expected to peak in 2025 at 382 million tons, driven by the rapid rise of renewable energy and electric vehicles.
China's Petroleum Consumption to Peak in 2025
In 2024, China's investment in non-fossil fuels comprised one-third of global investments, causing a 1.7% decrease in refined oil consumption year-on-year; consumption is expected to peak in 2025 at 382 million tons, driven by the rapid rise of renewable energy and electric vehicles.
Progress
36% Bias Score
India to Drive 25% of Global Oil Demand Growth in 2025
The EIA projects India to account for 25% of global oil demand growth in 2025, totaling 330,000 bpd increase, exceeding China's 250,000 bpd, due to strong economic growth and rising fuel demand; this contrasts with China's slowdown and increased EV adoption.
India to Drive 25% of Global Oil Demand Growth in 2025
The EIA projects India to account for 25% of global oil demand growth in 2025, totaling 330,000 bpd increase, exceeding China's 250,000 bpd, due to strong economic growth and rising fuel demand; this contrasts with China's slowdown and increased EV adoption.
Progress
44% Bias Score
Inflation Meets Expectations, Nasdaq Hits Record High
U.S. inflation edged up to 2.7% in November, meeting expectations and bolstering predictions of a Fed rate cut; concurrently, the Nasdaq Composite surpassed 20,000, driven by tech giants' gains, while ETF inflows exceeded $1 trillion.
Inflation Meets Expectations, Nasdaq Hits Record High
U.S. inflation edged up to 2.7% in November, meeting expectations and bolstering predictions of a Fed rate cut; concurrently, the Nasdaq Composite surpassed 20,000, driven by tech giants' gains, while ETF inflows exceeded $1 trillion.
Progress
44% Bias Score
China's EV Revolution: Reshaping Cities and Global Energy
China's electric vehicle sales surged to 11 million in 2024, a 40% increase from 2023, leading to decreased oil demand and quieter cities, contrasting with the US approach under Trump.
China's EV Revolution: Reshaping Cities and Global Energy
China's electric vehicle sales surged to 11 million in 2024, a 40% increase from 2023, leading to decreased oil demand and quieter cities, contrasting with the US approach under Trump.
Progress
52% Bias Score
IEA Predicts Peak Oil Demand This Decade, but Short-Term Forecast Shows Conflicting Trend
The International Energy Agency (IEA) forecasts peak oil demand this decade due to rising electric vehicle (EV) adoption, but this prediction contradicts their short-term forecast showing a 3 mb/d increase by 2030, raising concerns about the 'horizon effect' influencing long-term projections.
IEA Predicts Peak Oil Demand This Decade, but Short-Term Forecast Shows Conflicting Trend
The International Energy Agency (IEA) forecasts peak oil demand this decade due to rising electric vehicle (EV) adoption, but this prediction contradicts their short-term forecast showing a 3 mb/d increase by 2030, raising concerns about the 'horizon effect' influencing long-term projections.
Progress
44% Bias Score