China Crude Consumption Expected To Pick Up - EIA

Crude imports for the first four months totalled 57.1 million tons, down 4.5 percent year-on-year.

Crude consumption in the nation slumped to 7.46 million barrels a day in the fourth quarter of 2008 as the global economic slowdown began to bite and exports collapsed.
The increase in consumption in the second quarter could be a sign of the economy beginning to recover. CLSA China's purchasing managers’ index,moncler pas cher, an indicator of manufacturing activity,polo ralph lauren, rose for the first time in nine months to 50.1 in April.



The increase in consumption in the second quarter could be a sign of the economy beginning to recover.

(Caijing.com.cn) China's crude oil consumption is expected to increase to 8.09 million barrels a day in the second quarter,christian louboutin, up from 7.53 barrels in the first three months,polo ralph lauren pas cher, according to the latest monthly forecast from the U.S. government's official energy statistics bureau.


Full article in Chinese: http://www.caijing.com.cn/2009-05-13/110165064.html
The Energy Information Administration said in its monthly report that it expects oil consumption to pick up in China this year to reach 8.27 million barrels a day in the third quarter and 8.32 million in the fourth quarter.
China imported 16.17 million tons of crude oil in April, up 13.6 percent from 14.24 million tons a year ago, according to the latest customs figures.
By staff reporter Chen Zhu
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The latest EIA report forecast China's average daily crude oil consumption at 8.05 million barrels a day in 2009,louboutin chaussure pas cher, up 1.26 percent from last year's 7.95 million.
China is the world's second largest petroleum consumer and fifth largest producer. The country consumed 7.27 million barrels of crude oil a day in 2008 and produced 3.84 million,doudoune moncler, according to data from the International Energy Agency.

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