VOL. XLV

No 31

5-August-2002

SUPPLY/DEMAND

ChinasCrude Import Market Promising But ProductsLiberalization Constrained

Chinasvigorous economic growth is leading to growing demand for oil products, and thecountrys supply/demand balance has become an increasingly critical factor indetermining the strength of the Asiamarket. After joining the World Trade Organization (WTO) in December 2001, Beijingpromised a number of reforms to its state-controlled oil industry. Two recentreports provide different...