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Commodities Briefing - Categorized | Oil, Trading more

China to overtake US as main oil importer by 2014 says OPEC

Posted on 26 April 2013

Imports to China may surpass 6 million barrels a day by the end of this year, according to an e-mailed report from the Organization of Petroleum Exporting Countries. US oil imports declined 21% last year, according to the US Energy Information Administration. Shipments may drop below 6 million a day in 2014, according to OPEC.
“People have been anticipating this for the better part of a decade,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts………………………………………..Full Article: Source


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