Asian refiners look for answers in petrochemicals as EVs threaten transport fuels' future
Oil Markets
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The Impact of EV Penetration on Transport Oil Demand in China
China is a very good example of growing evipinitation that actually has leap to accelerated replacement of gasoline and gas oil demand in the transportation sector. We are estimating that the EV penetration acceleration in China will translate into more than 100,000 barrels a day of replacement of gasoline or gas oil demand growth. And then come back to your second question regarding the peak in period of the transport fuel globally. Sure, NAFTA will be one of the things we have to watch. I'll stay with you for the next question, which countries we are seeing Evipinitation starting to curb transport oil demand growth? But do you think China is going to lead in the Asian region, whereas the EV segment
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