OPEC

 

Chinese Import Slowdown Sets Alarm Bells Ringing For OPEC

 

Chinese imports of crude oil grew at their slowest rate for almost 10 years in 2013, as demand was hit by a slowing economy. Beijing is struggling to maintain strong growth while it rebalances its economy, in an effort to move away from a largely investment-led growth model, to one driven by domestic consumption. Demand for crude oil could rebound somewhat this year as two new refineries totaling 440,000 b/d...