Current Date 24 May, 2025

China's oil demand peaks; India's continues to rise rapidly.

Moody's research shows China's oil demand will peak in 3-5 years due to economic slowdown and EV adoption. India's demand, however, will continue to grow 3-5% annually until 2030, driven by rising consumption and infrastructure development. This shift impacts global oil pricing, refining strategies, and investment, making India the key market for exporters like Saudi Arabia and Russia.