China's Nov. Crude Oil Imports Rise 46% y/y

verfasst von Sorrento, 21.12.2004, 17:28

-->China's crude oil imports in November rose at the fastest pace in five months as government measures to slow the economy failed to curb fuel demand growth.

Oil imports to the world's second-largest energy market rose 46 percent to 11.12 million metric tons in November from a year earlier, more than October's 34 percent increase, the Customs General Administration of China said in Beijing today...


Higher prices haven't crimped oil demand in China and the import statistics suggest consumers aren't delaying purchases in the hope that prices will fall, Deng said.
...
Imports of fuel oil rose 89 percent to 3.2 million tons in November and gained 29 percent to 26.5 million tons in the first 11 months of this year.

...refineries are running at about 98 percent of capacity to meet the surge in demand.
<ul> ~ Bloomberg</ul>

Thread gesperrt

 

gesamter Thread:

• China's Nov. Crude Oil Imports Rise 46% y/y - Sorrento, 21.12.2004, 17:28