Monday, May 14, 2007

China's April Oil Imports Rise to Record as Economic Growth Spurs Demand

(Bloomberg) -- China's crude oil imports rose 23 percent to a record in April as output from domestic fields failed to keep pace with consumption in the world's fastest- growing major economy.

Imports climbed to 14.82 million metric tons (about 3.6 million barrels a day) last month, according to figures released by the Beijing-based Customs General Administration of China on its Web site today. China imported 54.46 million tons of crude from January to April, 10.8 percent more than a year earlier, customs said.


Read more at Bloomberg Energy News

No comments: