Reuters: China learns to live on less fuel, to the relief of oil markets

The oil market’s unexpected new reality: China needs much less fuel than previously thought

Fuel use in China was already falling in recent years, but recent decline is especially steep and caught industry players by surprise

China learns to live on less fuel, to the relief of oil markets

Three months into the Iran war, the oil ​market is coming to grips with an unexpected new reality: China, the world's largest importer, needs much less fuel than previously thought.