China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1411)	11/13/2003 11:42:10 PM
From: RealMuLan	Read Replies (1) of 6370

China drives growth in demand for oil By Carola Hoyos Published: November 14 2003 4:00 \| Last Updated: November 14 2003 4:00 China's larger-than-expected thirst for oil is driving this year's growth in demand for oil, the International Energy Agency said in its latest report yesterday. The IEA revised upward by 170,000 barrels a day to 1.28m b/d its estimate for international demand growth in 2003. China made up more than half the increase, with a revision of 90,000 b/d. The IEA said China's net imports hit a record 2.79m barrels a day in September, up 680,000 b/d on the month. It expects Chinese imports of oil to surpass those of Japan, Asia's largest consumer, in the latter half of next year. Carola Hoyos, London news.ft.com

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