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Commodities Briefing - Categorized | Oil, Trading more

China: On course to become the world’s top oil importer

Posted on 08 March 2013

In a recent Commodities Note, Reuters detailed how the Paris-based International Energy Agency (IEA) is changing the way it records and reports China’s crude and refined oil products consumption as a result of a growing realization that the data used to date has been at best misleading, and often downright wrong.
Measuring China’s oil consumption was not a particularly important process 10 years ago, but now the country is ranked only behind the US as an importer of oil………………………………………..Full Article: Source

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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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