19 November 2012 08:03 [Source: ICIS news]
While the consumption of crude oil will remain stable in
Crude oil imports accounted for 84% of Sinopec’s total oil volumes in 2011, a rise from 76.7% in 2003, a source from the Chinese oil and gas company said.
Meanwhile, the dependency ratio of crude oil imports in
The annual growth of crude oil imports in
Globally, the annual growth for crude oil consumption will be 1.2% in 2016, lower than previous expectations of 1.3%, the industry source said.
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