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China’s EV Boom Is Starting to Pinch Oil Producers

Posted on the 23 December 2024 by Phil's Stock World @philstockworld

Big, integrated oil companies could face a double whammy from the shift in China's car market China's oil demand is nearing a turning point as electric vehicles take a growing share of its vehicle market, the world's largest. The country has long been the thirstiest consumer of crude. China accounted ...

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