{"id":123614,"date":"2025-05-22T22:02:08","date_gmt":"2025-05-22T22:02:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/123614\/"},"modified":"2025-05-22T22:02:08","modified_gmt":"2025-05-22T22:02:08","slug":"chinas-oil-demand-to-peak-within-5-years-as-indias-continues-to-climb","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/123614\/","title":{"rendered":"China\u2019s Oil Demand to Peak Within 5 Years as India\u2019s Continues to Climb"},"content":{"rendered":"<p class=\"speakable\">China\u2019s decades-long reign as the world\u2019s top oil demand driver is nearing its end, according to new research published by Moody\u2019s Investors Service demonstrating that China\u2019s crude demand is expected to peak within the next 3\u20135 years, while India will continue to hold the lead in global oil demand growth through at least 2030.<\/p>\n<p>Moody\u2019s attributes China\u2019s demand plateau to <a href=\"https:\/\/energy.economictimes.indiatimes.com\/news\/oil-and-gas\/indias-oil-demand-to-grow-3-5-annually-till-2030-import-reliance-to-rise-moodys\/121342374\" target=\"_blank\" rel=\"noopener\">slowing economic growth,<\/a> a shrinking population, a plateau in vehicle ownership, and a rapid shift toward EVs and energy diversification. In contrast, India is poised for 3\u20135% annual oil demand growth this decade, underpinned by rising per capita consumption, population growth, and rapid infrastructure expansion.<\/p>\n<p>&#8220;India will remain the primary source of incremental global oil demand through 2030,&#8221; Moody\u2019s <a href=\"https:\/\/www.business-standard.com\/industry\/news\/china-crude-demand-to-peak-india-oil-growth-to-continue-moodys-125052201763_1.html\" target=\"_blank\" rel=\"noopener\">analysts noted,<\/a> adding that the country\u2019s oil import dependence will increase as domestic production remains subdued.<\/p>\n<p>According to India\u2019s Ministry of Petroleum, crude consumption is already tracking 4.3% higher year-over-year in Q1 2025. The International Energy Agency (IEA) projects India\u2019s oil demand will rise from 5 million barrels per day (bpd) in 2023 to over 6.5 million bpd by 2030.<\/p>\n<p>Meanwhile, signs of a peak in Chinese demand have been mounting. Earlier this year, <a href=\"https:\/\/oilprice.com\/Energy\/Crude-Oil\/Has-Chinas-Oil-Demand-Peaked.html\" target=\"_blank\" rel=\"noopener\">OilPrice.com<\/a> reported that Chinese refiners were already scaling back crude imports\u2014down nearly 600,000 bpd from last year\u2014amid weak industrial activity and record EV adoption.<\/p>\n<p>This eastward demand shift has major implications for long-term pricing, global refining strategy, and upstream investment. For exporters such as Saudi Arabia and Russia, India is now the market to watch. For oil markets, the era of \u201cChina-as-demand-engine\u201d is rapidly fading, with India more than ready to hold tight to its status as lead driver of oil demand growth.\u00a0<\/p>\n<p>By Charles Kennedy for Oilprice.com<\/p>\n<p><strong>More Top Reads From Oilprice.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s decades-long reign as the world\u2019s top oil demand driver is nearing its end, according to new research&hellip;\n","protected":false},"author":2,"featured_media":123615,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1395,54948,1700,5352,54947,28516,730,35397,2664,5430,54949,16,15],"class_list":{"0":"post-123614","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-china","10":"tag-crude-imports","11":"tag-economy","12":"tag-energy-transition","13":"tag-ev-adoption","14":"tag-iea","15":"tag-india","16":"tag-moodys","17":"tag-oil-demand","18":"tag-oil-markets","19":"tag-refining-strategy","20":"tag-uk","21":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114553745803440941","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/123614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=123614"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/123614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/123615"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=123614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=123614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=123614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}