Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves more

OPEC: Is China now more important than the U.S.?

Posted on 22 August 2013

According to the firm, China’s impressive and dynamic consumption will reach $500 billion in 2020, which will pass the U.S.’s largest dollar amount on imports, $335 billion, by a healthy margin. In barrels per day, this will amount to 9.2 million bpd in 2020, while U.S. imports at that time stand to fall to 6.8 million bpd.
The firm’s Beijing-based president, William Durbin, told Reuters: ”It means the United States is becoming more North America-centric for its supply needs and China more dependent on Middle East and OPEC crude………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031