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China’s 2014 oil demand, imports to grow faster-CNPC research

Posted on 16 January 2014

China’s implied oil demand will grow quicker this year at around 4 percent as new refineries start up, the country’s top oil firm forecast, after slowing economic growth likely led to its weakest rise in five years in 2013.
China, the world’s second-largest oil user and a key factor in global prices , has driven oil demand growth for most of the past decade and its slowing consumption has helped rein in prices despite a plunge in exports from OPEC member Iran due to sanctions and prolonged outages in Libya………………………………………..Full Article: Source


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