综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Energy

Crude oil imports decline on refiners' high inventories

By Wan Zhihong (China Daily)
Updated: 2010-08-11 10:05
Large Medium Small

BEIJING - China imported 14.7 percent less crude oil in July from a month earlier, which analysts described as a normal fluctuation.

The country imported 19 million tons of crude oil in July, down from a record high of 22.27 million tons in June, according to the General Administration of Customs on Tuesday.

Related readings:
Crude oil imports decline on refiners' high inventories China top refiners crude runs seen flat in Aug vs July
Crude oil imports decline on refiners' high inventories Oil declines from three-month high
Crude oil imports decline on refiners' high inventories As economy cools, fuel demand slips
Crude oil imports decline on refiners' high inventories Oil falls to near $77 on unexpected US supply jump

Domestic refiners' high inventories may be one reason for the decline, said Qiu Xiaofeng, an analyst with China Merchants Securities. "But it is just a normal fluctuation," he added.

A Reuters poll showed that China's leading refineries were expected to have reduced crude throughput in July and August from a record high in June.

Echoing Qiu's views, Dong Xiucheng, deputy director of the Business and Management School at China University of Petroleum, said that monthly crude imports would continue to fluctuate for the rest of this year.

July's crude imports were 3.2 percent lower than the same period last year. Some analysts have expressed doubts that China's robust oil demand can be sustained in the second half of this year as the economy has showed signs of moderation.

But Dong said the country's crude imports will continue to see solid growth in the long term, as the nation needs more energy to fuel its growing economy.

Becoming a net oil importer 15 years ago, China's imports of the fuel have grown rapidly in recent years. The figure surpassed 100 million tons in 2004, up 35 percent from a year earlier.

In 2007 China imported nearly 200 million tons of oil, a more than 10 percent increase from 2006. At the time, imported oil accounted for 46 percent of the country's total consumption.

According to a report from the Chinese Academy of Social Sciences (CASS), 64.5 percent of China's oil consumption is likely to be met by imports in 2020, due to the gap in domestic consumption and production.

CASS statistics show that China's oil production is expected to be between 177 and 198 million tons in 2010, reaching 182 to 200 million tons by 2015.

Oil output is expected to gradually decline after 2020, according to CASS.

The nation's oil dependency reached alarming levels last year with imports accounting for 52 percent of total consumption, Customs figures showed. Imports of more than 50 percent are globally considered to indicate an energy security alert.

Analysts said China should further diversify its oil import sources for sustainable supplies. At present the Middle East, Africa and the Asia-Pacific are the three main regions that supply crude oil to the country.

黔西县| 将乐县| 报价| 芜湖市| 吉首市| 卢氏县| 怀集县| 乐陵市| 四子王旗| 班戈县| 无锡市| 育儿| 铁力市| 阳西县| 郁南县| 都江堰市| 三穗县| 台中市| 嘉义市| 旬邑县| 陆丰市| 太湖县| 阳高县| 台北县| 民县| 安吉县| 昭通市| 屏东县| 石阡县| 太仓市| 汶上县| 双鸭山市| 托克逊县| 武汉市| 东光县| 丁青县| 桦南县| 正阳县| 芮城县| 临邑县| 竹山县|