China’s Fuel Demand to Peak Sooner Than Oil Giants Expect makes for interesting reading. China dominated demand growth across pretty much all the commodities so a different path will be felt around the world.

Sinopec has offered a view of the country that should serve as a reality check to any oil bull. For diesel, the fuel that most closely tracks economic growth, the peak in China’s demand is just two years away, in 2017, according to Sinopec Chairman Fu Chengyu, who gave his outlook on a little reported March 23 conference call. The high point in gasoline sales is likely to come in about a decade, he said, and the company is already preparing for the day when selling fuel is what he called a “non-core” activity.
It seems a little to bullish (or bearish depending on your perspective) but it is well worth to think about it.