Fri, Jul 25, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Oil, Trends more

OPEC to shift focus to China

Posted on 21 August 2013

OPEC should start to shift its supply focus to the Chinese market as the United States starts using more of its own oil, Wood Mackenzie said. The energy analysis company said Chinese demand for crude oil should grow substantially. Beijing should spend about $500 billion on crude oil by 2020, it said.
The Organization of Petroleum Exporting Countries said it expected Chinese oil demand to increase because of steady economic growth. Wood Mackenzie said much of the growth is attributed to “the near-exponential” increase in personal and commercial vehicle use………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36109 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031