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IEA adjusts measure of China’s oil demand

Posted on 06 March 2013

Few pieces of data are as important for the oil market as the monthly estimate of China’s oil imports released by Beijing’s General Administration of Customs.
China’s rapidly growing economy accounted for a third of global oil demand growth in 2012, and with efficiency measures and slow economic growth expected to weigh further on demand in the industrialised world, that is unlikely to be a one-off………………………………………..Full Article: Source


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