SOURCE: Industrial Info Resources

December 13, 2007 04:27 ET

China's Oil Consumption and Import Go Up Hand in Hand, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 13, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Under the influence of recent international crude oil price hike, Chinese oil wholesale price went up sharply, resulting in tight market supply. Chinese oil consumption and net oil import both went up. China's reliance on foreign oil again deepens.

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