Story perspectives

China's Oil Demand Peaks as India Takes Lead

5/23/2025

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Summary

Story summary

Moody's predicts China's oil demand will peak in 3-5 years, marking a significant shift in global consumption trends.
India is set to become the primary driver of global oil demand growth, with an annual increase of 3-5% through 2030.
China's plateau in oil demand is attributed to slowing economic growth, a declining population, and a transition to electric vehicles.
India's oil consumption is projected to exceed 6.5 million barrels per day by 2030, reflecting its growing energy needs.

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Story summary

Moody's predicts China's oil demand will peak in 3-5 years, marking a significant shift in global consumption trends.
India is set to become the primary driver of global oil demand growth, with an annual increase of 3-5% through 2030.
China's plateau in oil demand is attributed to slowing economic growth, a declining population, and a transition to electric vehicles.
India's oil consumption is projected to exceed 6.5 million barrels per day by 2030, reflecting its growing energy needs.