December 22, 2008
China Oil Consumption Falls 3%, Imports Down
NEW YORK (Reuters) - Oil dropped nearly 6 percent to below $40 a barrel on Monday on signs the global economic malaise was slowing fuel demand further. Apparent oil consumption in China fell by 3.2 percent in November from a year ago, according to Reuters calculations, while crude imports into the world's No. 2 energy consumer dropped to the lowest level this year. (source)
Labels: foreign trade, oil, peak oil
# posted by Sinomania! : 12/22/2008 02:36:00 PM
Subscribe to Posts [Atom]
