State-stimulated recovering industrial activity and increased road freight and e-commerce deliveries are set to push up China’s diesel demand to a record high this year, analysts have told Reuters . China’s recovering economy and the government stimulus to infrastructure activities are set to boost demand for heavy machinery and diesel to power them, analysts say. Other factors contributing to the high demand for diesel include booming e-commerce with road freight deliveries and strong mining activities, SIA Energy’s senior director Seng-Yick Tee said. China’s diesel consumption in 2020 could increase by between 60,000 bpd and 90,000 bpd to reach a record of 3.8 million bpd-4.1 million bpd, beating the previous all-time high from last year, consultancies SIA Energy and FGE told Reuters. Sales of heavy-duty trucks in China are expected to boom this year, while gasoline-powered passenger car sales are set for a third consecutive year of annual declines, IHS […]