December, up by 7.6% from November but down 17% from the year’s peak in March. Analysts said these trends did not fully support speculation that the country was rushing to fill up its strategic petroleum reserves (SPRs) to take advantage of low oil prices. The slow pace of import increase reflected slower domestic demand…
CHINA: No rush to import oil despite higher December figure
Posted on February 9, 2009 by EnergyAsia