"Also, crude oil saw some bearish carry-over after the president of China National Petroleum Corp's Economics & Technology Research Institute last Friday said that China's oil demand has entered a low-growth phase as greater use of electric vehicles and liquified natural gas will replace about 20 MMT or 10-12% of China's gasoline and diesel consumption this year."
https://www.barchart.com/story/news/24708033/crude-prices-lower-on-underlying-concerns-about-chinese-demand-and-russian-output
Climate Action Now, page-23
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