Elaine Kurtenbach: Petroleum Demand to Rise 10 Percent

From AP, via WTOP Radio:

China’s total demand for is forecast to rise about 10 percent in 2005 to 2.5 billion barrels, state media reported Tuesday…

But with the economy growing at a rate of more than 9 percent a year, growth in consumption is outpacing increases in demand. And output at many domestic fields has been declining after decades of production.

China is the world’s second largest importer of crude oil after the United States. In 2004, Chinese imports soared 35 percent on an annualized basis to 854 million barrels.



Google Ads 1


Giving Assistant

Amazon Smile

Google Ads 2

Life Without Walls

Click on the image to download Lantern for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.