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China Is on Its Way to Becoming World’s First ‘Electrostate’

Summary by Oil Price
Many people are perhaps familiar with the term “petrostates”, which usually denotes oil-rich nations that are deeply intertwined with the oil industry, often facing economic and political challenges due to oil price fluctuations and the potential decline in hydrocarbon resources. Saudi Arabia, Iraq, the United Arab Emirates (UAE), Kuwait, and Iran are some of the world’s leading petrostates. But with the world’s electrification drive now in full…

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Oil Price broke the news in London, United Kingdom on Friday, May 23, 2025.
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