Oil Producers Are Left Over a Chinese Barrel ; Energy Demand for Fuel Down for First Time in Three Years in Association with Www.Rbs.Co.Uk

Summary

---

China's apparent oil demand fell last month for the first time in nearly three years as the world's second-largest energy consumer succumbed to the global economic crisis, data showed yesterday.

Long a major engine for rising crude oil markets, China now risks becoming a further drag on prices that have already tumbled more than EUR100 a barrel from their July peaks as it joins the United States and Japan in registering shrinking use, with worldwide economic woes taking a greater than expected toll.

See the full content of this document

Extract

---

Oil Producers Are Left Over a Chinese Barrel ; Energy Demand for Fuel Down for First Time in Three Years in Association with Www.Rbs.Co.Uk

Chinese oil production and trade figures released on Monday showed the effects of an export-led slow-down in economic growth coupled with domestic fuel prices that haven't been reduced since a shocking 18 per ...

See the full content of this document

---