China's monthly crude oil demand between April and June is expected to rise to around 35 million metric tons amid a recovering economy, the state-controlled Xinhua News Agency reported Friday.
China
's
monthly crude oil demand between April and June is expected to rise to around
35 million metric tons amid a recovering economy, the state-controlled Xinhua
News Agency reported Friday.
This means the nation will continue to meet over 50% of its domestic crude
needs through imports as local crude production can only be maintained at 16.2
million tons a month, it said.
Imported crude oil met 53.4% of
China
's
domestic consumption during the first quarter, Xinhua added.
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