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21 May 2020

China's Crude Oil Imports to Rise 2% y/y in 2020

21 May 2020  by Muyu Xu and Tom Daly   

BEIJING, May 21  - China’s crude oil imports are expected to increase by around 2% in 2020 amid lower prices, while apparent crude oil consumption is seen rising by 1-2%, according to a think tank affiliated to China National Petroleum Corp(CNPC).

China’s natural gas consumption is estimated to rise 3% this year to 313.5 billion cubic metres (bcm), but it would be the slowest annual growth in two decades. 

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