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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: russwinter	11/23/2004 5:54:12 PM
	of 110194

CHINESE OIL IMPORTS RISE TO RECORD LEVELS 11-23-2004 According to the latest Chinese Customs figures, imports of fuel oil were 26% higher year-on-year in October, averaging 552kb/d, and breaking the record level achieved 12 months earlier 443kb/d. Imports of diesel in October were also higher, rising by 142% year-on-year to average 50kb/d ,and are expected to continue rising in November, in the run up to winter. Reports of a drought in Southern China could lead to a drop in hydro-electric power generation, leading to an increase in demand for both fuel oil and diesel.

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