China's declining diesel demand

China’s national diesel consumption declined in 2014 and 2015, and sustained massive oil demand growth from China can no longer be taken for granted. China’s diesel demand weakness points to a potential flaw in certain OPEC producers’ view that demand growth will resuscitate oil prices even if OPEC maintains current production rates.

Read "China Peak Diesel Poses a Serious Challenge to Saudi Arabia, May Help Force OPEC Production Cut," published in China Signpost on April 5, 2016.