(EnergyAsia, February 23 2010, Tuesday) — Spurred on by the government’s massive four-trillion-yuan stimulus spending and oil stockpile build-up, China’s crude oil imports and consumption rose to record levels last year. (US$1=6.82 yuan). Oil imports rose to nearly 204 million tonnes or 4.1 million b/d, while consumption surged by 6.6% to nearly 390 million…
CHINA: Crude oil imports and consumption to rise further after reaching record levels last year
Posted on February 22, 2010 by EnergyAsia