403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
China oil demand logs moderate increase
(MENAFN) Oil consumption in China hit its slowest increase in 20 years last year on the back of a slower economic growth leading to cut in demand for transportation and industrial fuels, The Peninsula Qatar reported
Demand for oil in the country is said to have increased by 150,000 barrels per day (bpd), or 1.6 percent in 2013 from the year before
An oil analyst with China International Capital Corp said: "China's oil demand has entered an era of moderate growth," adding that, "Diesel demand was almost flat last year, but gasoline demand kept rapid growth on rosy auto sales.
Demand for oil in the country is said to have increased by 150,000 barrels per day (bpd), or 1.6 percent in 2013 from the year before
An oil analyst with China International Capital Corp said: "China's oil demand has entered an era of moderate growth," adding that, "Diesel demand was almost flat last year, but gasoline demand kept rapid growth on rosy auto sales.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
More Story
Comments
No comment