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Page added on January 22, 2011
Chinese oil demand: still chugging along
Platts’ monthly survey of Chinese oil demand can be found here, and it is more of the same: still hanging in at a per annum rate of increase in excess of 18%.
In its recent monthly report, the International Energy Agency said China would see its demand rise 5% to 9.79 million b/d in 2011 from 9.34 million b/d in 2010. There’s a big difference between 5% and 18%. There’s also a big difference between 5% and 7%, and the latter figure if what Chinese demand rose just from November to December. So for that 5% target to be hit, the rate of growth is going to have to slow by a tremendous amount.
2 Comments on "Chinese oil demand: still chugging along"
Kenz00 on Sat, 22nd Jan 2011 12:57 pm
Prices will rise. We will use less energy.
Vehicles will get more efficient.
Bicycles will get dusted off. Mass transit will get more crowded.
We are in for a change. Will it be gradual or will it be severe?
Kenz00 on Sun, 23rd Jan 2011 3:56 am
China has a NATIONAL economic and energy policy.
Do countries in the rest of the world have
such policies or do they just continue business as usual until a crisis occurs?