China's Oil Demand Slumps, Carbon Emissions Plunge 3.1%

China, the world's largest CO2 generator, saw its carbon emissions drop 3.1% in the third quarter, driven by a 4% decrease in crude oil consumption and a more marked 9% fall in transport fuel use. This decline in fuel use across industrial and transport sectors signals a slowdown in demand. Lower global oil prices, potentially resulting from such demand slumps, could benefit Pakistan by reducing its import bill and easing inflationary pressures, indirectly influencing USD/PKR and local gold rates.

بحوالہ / Source: oilprice.com