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Latest Analysis / East of Suez Oil Service

East of Suez Oil Alert - LNG fueling the downtrend in China's diesel demand

Published: 14 June, 2024

Highlights:

  • China’s diesel demand peaked in 2023 and is starting to come off, with the downtrend accelerated by the displacement of diesel trucks with LNG-fueled ones in the road freight sector.
  • LNG is increasingly favored due to its cleaner emissions and lower costs per kilometer. Our calculations show ...

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