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RICHARD FARMER

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Journalist and wine maker
Articles Posted: 416  Links Seeded: 2421
Member Since: 8/2006  Last Seen: 5/16/2012

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China's oil consumption hits record high in Q1 - People's Daily Online

Seeded on Tue Apr 29, 2008 11:02 PM EDT
Read ArticleArticle Source: english.people.com.cn
business, china, oil
Seeded by Richard Farmer
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Soaring oil prices have not slowed China's consumption of oil as statistics show that China's apparent consumption of crude oil and refined oil products both hit record highs in the first quarter of the year.

According to statistics released Tuesday by the China Petroleum and Chemical Industry Association (CPCIA), China's apparent consumption of oil products composed of gasoline, diesel and kerosene rose by 16.5 percent year on year to 52.73 million tonnes in the first three months, and crude oil, rose by eight percent to91.8 million tonnes.

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