Oil Traders Confront a New World Without the China Bull Factor.

China's economic slowdown and changing energy landscape are causing a shift in global crude demand, which is concerning for oil traders and executives. China's status as the world's largest oil importer has supported crude prices for years, but factors such as an aging population, the energy transition, and a decrease in big infrastructure projects are impacting oil demand. Analysts predict that oil consumption in China will grow by no more than 300,000 barrels a day in 2025, lower than previous projections. Factors such as the rise of electric vehicles, government restrictions on crude imports, and limited storage capacity are contributing to this decline. However, some experts believe there is still room for growth in China's fossil fuel consumption, particularly in the automotive sector. Overall, the future of China's oil demand remains uncertain, and traders and refiners are preparing for lower profits. [Extracted from the article]