Tag #Rystad Energy

How will a potential trade war affect different sectors of China's oil demand (e.g., petrochemicals, diesel, gasoline)?

China's projected 2025 oil demand growth of 180,000 barrels per day is significantly threatened by the ongoing trade war. Rystad Energy's analysis reveals that a severe trade war could cut this growth by 50%, primarily impacting diesel and petrochemical demand due to reduced consumer spending and industrial activity. Conversely, naphtha demand might increase due to reduced reliance on imports.