China’s oil demand growth may slow “noticeably” this year as the economy expands at a reduced pace and the country improves energy efficiency, according to the International Energy Agency.
China, which consumes more oil than any country except the U.S., may boost efficiency as it burns more natural gas and restricts car use, according to the energy security adviser to the Organization for Economic Cooperation and Development. Fuel demand may increase 6 percent this year, from 12 percent in 2010, the IEA said today in its monthly Oil Market Report.
Showing posts with label China’s oil. Show all posts
Showing posts with label China’s oil. Show all posts
Thursday, February 10, 2011
Subscribe to:
Comments (Atom)