摘要
Soaring oil prices have not slowed China’s consumption of oil as statistics show that China’s
Soaring oil prices have not slowed China＇s consumption ofoil as statistics show that China＇s apparent consumption of crude oil and refined oil products both hit record highs in the first quarter of the year. According to statistics recently released by the China Petroleum and Chemical Industry Association （CPCIA）, China＇s apparent consumption of oil products composed of gasoline, diesel and kerosene rose by 16.5 percent year on year to 52.73 million tons in the first three months, and crude oil, rose by eight percent to 91.8 million tons. The ＂apparent consumption＂ represents the sum of net imports and output and could be taken as an index for the real oil consumption excluding inventory.
