| 16.12.2008 - Drop in China's oil demand pressures Opec to cut production |
| From Timesonline.co.uk: China's once ravenous hunger for energy is weakening at a record rate, compounding the pressure on Opec to slash global oil production this week by as much as two million barrels a day to prevent a glut. With China's economy slowing sharply, the country's electricity output during November fell 9.6 per cent from a year ago to just over 254 billion kilowatt-hours, according to official figures published on Monday. .... Full Article: Source |