BEIJING (AFX-ASIA) – The International Energy Agency (IEA) has raised China’s fourth quarter oil demand growth projection by 130,000 barrels per day (b/d) to 487,000, reflecting soaring domestic demand and an increasing shift to oil use from coal. The Paris-based agency said this increased China’s projected total fourth quarter oil demand to 5.684 million b/d,…
CHINA: Q4 oil growth forecast raised by 130,000 b/d on soaring demand Ð IEA
Posted on December 16, 2003 by EnergyAsia