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China's 640,000 barrel increase in crude oil imports in 2014 and the 670,000 barrels exported from refineries- China's oil demand fundamentals are changing in 2015

08/27/2015

With China increasing exports from refineries to offset the imports of crude, and the increasing production of oil domestically as it taps new oil fields, the fundamentals for crude oil demand are also changing in China. This process is likely to accelerate with crude imports also going to small refiners now allowed to import crude. A sharp slowdown in car sales with declies in sales in June and July 2015, is likely to keep demand from automobiles for gasoline in check.

Grouped Articles

China Has Big Eyes, Little Stomach for Oil

Wall Street Journal 08.27.2015


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