12 Jan 2015, Nantong, Jiangsu Province, China --- A Chinese worker holds an oil nozzle at a gas station in Nantong city, east China's Jiangsu province, 12 January 2015. China's crude oil imports rose above 7 million barrels per day for the first time in December, reaching record levels as plunging international prices allowed the world's largest importer to fill strategic and commercial reserves. International crude prices are near six-year lows, revisiting levels last seen in the wake of the global financial crisis. While price controls over transport fuels limit the boost to the Chinese economy, the drop has presented an unusual opportunity for China to increase reserves of crude oil at relatively little cost. China imported 7.15 million bpd in December, bringing its full-year crude imports to a record 308 million tonnes up nearly 10 per cent on the year. Some of that additional demand reflects economic growth --- Image by © Imaginechina/Corbis
February 26, 2021
Michael Hawthorne
Suid-Afrikaanse verbruikers moet hulle staal vir nog verwagte skerp stygings in die brandstofprys volgende maand.
Die Automobiel-Assosiasie (AA) sê hoewel die rand die afgelope maand goed teen die dollar gevaar het – en met sowat 14c versterk het – was dit veel minder as wat nodig is om die styging in die olieprys teen te werk.
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Tags: AA Fuel price
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