BEIJING (XFN) – China’s oil demand is expected to begin accelerating global oil demand in about 10 years, which will then put long-term upward pressure on oil prices, Andy Xie, Asia-Pacific chief economist at Morgan Stanley, said. “China’s oil demand is accounting for more and more of the world’s demand growth,” he said. China accounted…
CHINA: Chinese oil demand to drive up global oil prices in 10 years – Morgan Stanley
Posted on February 28, 2003 by EnergyAsia