It’s very exciting imho, uptake of EVs and hybrids in China is contributing to noticeable oil demand destruction, and Chinese oil companies have already called the demand peak.

https://cleantechnica.com/2024/11/21/the-us-energy-informati...

https://www.iea.org/commentaries/oil-demand-for-fuels-in-chi...

https://oilprice.com/Latest-Energy-News/World-News/CNPC-Chin...