日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
China
Home / China / National affairs

OPEC says nation's crude oil demand set to surge next year

By ZHENG XIN | CHINA DAILY | Updated: 2020-07-16 08:10
Share
Share - WeChat
Workers dock a pipe onto an oil tanker at a port in Dalian, Liaoning province, on April 8. [Photo/Xinhua]

China's crude oil demand will surge next year, as the nation's economic activity recovers strongly following the COVID-19 outbreak, according to the Organization of the Petroleum Exporting Countries.

Despite a contraction of 6.8 percent year-on-year in the first quarter of this year, China's GDP growth may recover faster than expected, as production resumed in the nation over the past three months, according to OPEC's monthly report published on Tuesday.

China's GDP is forecast to increase by 1.3 percent this year, followed by growth of 6.9 percent in 2021, it said.

With the country's policies remaining supportive for the rest of the year to help the economy continuously advance out of the COVID-19 pandemic, a consumption recovery is gradually building momentum, said the organization.

Tang Sisi, an analyst at research firm BloombergNEF, agreed, saying oil demand in China has continued to recover as economic activity ramps up and road congestion levels are steadily increasing.

"Peak-hour road congestion levels are above the 2019 level in major Chinese cities such as Shanghai and Guangzhou, and domestic flights have also recovered to 80 percent of their normal schedules," she said.

The oil sector recovery, supported by the efforts of OPEC and non-OPEC oil-producing nations to rebalance the market, has been an important contributor to further buoying global economic development.

BloombergNEF expects oil demand in China to remain healthy in the second half of this year.

"The recovery in fuel demand will boost run rates at Chinese refineries, maintaining China's appetite for crude oil," Tang said.

According to the General Administration of Customs, China's crude imports surged in May to 47.97 million metric tons, or 11.34 million barrels per day, a 15 percent jump from April and 160,000 barrels per day more than the previous record set in November, a reflection of a recovery in the energy sector with demand getting back on track in the world's second-largest economy.

China, the world's top importer of crude oil, imported 53.18 million tons of oil in June, up 34 percent year-on-year and a 10.86 percent jump from May.

The spot market was also supported in June by a gradual recovery in crude demand and rising throughput at major refinery hubs, as lockdowns and travel restrictions eased in many countries and cities.

Li Li, research director at energy consulting company ICIS China, said after China experienced the major impact of COVID-19 in the first quarter of this year and has since managed to successfully control the further spread of the virus, it is leading the way in the global economic recovery, with continued policy support.

However, she said it's important to sustain the trend as the continuing surge in infections worldwide could erode rebounding consumer confidence and spending.

The National Bureau of Statistics is to release economic data of China during the first six months on Thursday.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: jizzyouxxxx| 久久久精品视频免费看 | 四虎影视在线影院在线观看观看 | 黄色在线免费看 | 99热在线免费 | 成人精品福利 | 亚洲无毛视频 | 亚洲高清免费视频 | 五月天91 | 国产精品三级a三级三级午夜 | 精品小视频在线 | 91五月天 | 亚洲第一成人在线 | 日韩精品视频在线观看免费 | 亚洲欧美第一页 | 一区二区三区视频 | 色秀视频免费高清网站 | 99国产精品 | 亚洲热线99精品视频 | 国产人成| 国产性色视频在线高清 | 久久国产成人 | 91成人久久| 亚洲高清视频一区二区 | 天天看天天爽天天摸天天添 | 久久久123 | 久久久久国产成人精品亚洲午夜 | av免费在线观看网站 | 亚洲自偷自偷精品 | 日韩在线第一 | 亚洲 欧美 日韩 在线 | 九月色婷婷 | 久久亚洲精品中文字幕二区 | 日日干狠狠干 | 搞黄网站免费观看 | 美国av在线免费观看 | 艹逼免费视频 | 小明www永久免费播放平台 | xnxx18日本 | 免费看91 | 日韩看片|