Consultancy FGE predicts China's crude imports may peak next year at 11.2 million bpd, on par with the record set in 2023 and 440,000 bpd above levels in the first 10 months of 2024.
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FGE believes China's diesel demand peaked in 2022, while the IEA said in November it peaked in 2023 at 3.7 million bpd