China 2005 Oil Demand to Rise 8.8 Pct to 6.94 Mln Barrels/Day

China’s oil demand will rise 8.8 pct this year to 6.94 mln barrels per day on strong economic growth and insufficient coal supply, the China Securities Journal reported, citing a research report by Lehman Brothers.
The research report added demand for gasoline is expected to increase 4.7 pct this year and diesel demand 7.3 pct due to robust automobile consumption.

No further details were provided in the report.