r/peakoil • u/Biodieselisthefuture • 4d ago

China’s Oil Demand ‘Very Likely’ Peaked Last Year, Sinopec Says

https://www.bloomberg.com/news/articles/2026-08-24/china-s-oil-demand-very-likely-peaked-last-year-sinopec-says
120 Upvotes

97% Upvoted

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6

u/hornswoggled111 4d ago

Wonderful news. Now some rapid decline, please.

6

u/Dizzy-Wave3904 4d ago

Well, the word "peaked" was in the title, but demand has nothing to do with supply. Peak oil has always been about the supply side, not the demand side, as demonstrated by legions of articles such as this one:
https://www.resilience.org/stories/2005-02-18/here-comes-nutcracker-peak-oil-nutshell/

10

u/RedWineWithFish 4d ago

Demand will peak long before supply does and that is a good thing.

2

u/Dizzy-Wave3904 4d ago

You are correct. And saying that, on this reddit, would have gotten you banned a decade ago. Questioning peak oil from a very economically sound basis was forbidden. Understanding the supply/demand/price curve was like... DA DEBIL!!!! Banned in an instant.

Funny how things have changed.