China's refined oil demand expected to grow 3 pct in 2018

Source: Xinhua| 2018-02-02 16:28:49|Editor: Lifang
Video PlayerClose

BEIJING, Feb. 2 (Xinhua) -- China's demand for refined oil is likely to rise 3 percent year on year in 2018 and slow down gradually in the medium- and long-term, an industrial report predicted.

The United States will rise to be a major crude oil supplier for China after the latter overtook the former to become the world's largest crude oil importer last year, according to a report released by Chinese oil giant Sinopec and think tank Chinese Academy of Social Sciences.

China imported 420 million tonnes of crude oil last year, up 10.1 percent, setting a record high, official data showed.

China's refined oil market is more competitive than before as private players have seen their market share more than double in the past decade, the report showed.

Refined oil exports are expected to rise about 4 percent to exceed 41 million tonnes this year and inch up in the longer term.

The report marked the year 2017 as the beginning of the rebalancing of the global oil market and predicted the Brent oil price will move between 50 to 70 dollars per barrel this year.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369447891
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
婷婷国产精品一区二区免费 | 一本久久a久久免精不卡品 日韩中文字幕第一页 | 日本真实乱子伦精品视频 | 中国少妇与黑人高潮了 | 五十路一区二区三区视频 | 好吊妞国产欧美日韩免费观看在线播放 |