The Globe and Mail reports in its Friday edition that three months into the Iran war, the oil market is adjusting to a new reality: China, the largest importer, needs less fuel than expected. A Reuters dispatch to The Globe reports that gasoline sales at Sinopec, the biggest refiner and petrol station operator, fell 8 per cent year-on-year in April, while diesel decreased by 6 per cent. The decline in fuel use, attributed to slowing economic growth and the rise of electric vehicles, has surprised industry players with its steepness. Goldman Sachs estimates the drop in the use of gasoline and related products was about 20 per cent in April, while China-based GL Consulting put the decline at around 15 per cent. Chinese travel habits are changing rather than decreasing. Rail journeys grew by about 10 per cent in March and April compared with 5 per cent last year. Subway and taxi use is also rapidly increasing, as many cities have electrified these options. China's EV fleet, by far the world's largest, also got more use in April. Charging rose 69 per cent from a year earlier to an all-time high. Sinopec expects national demand for gasoline, diesel and jet fuel to fall around 10 per cent in the second and third quarters.