China oil demand to rise further in 2012
China's oil consumption is set for further growth in 2012, but at a slightly reduced rate.
Published 19-Oct-2011
China's oil consumption is set for further growth in 2012, but at a slightly reduced rate.
An International Energy Agency report say the outlook for oil and natural gas markets remains uncertain in the mid-term.
Crude prices reach 18-month high; Opec supports price hike and Brazil; Petrobras strengthens Asian exports; Denbury makes $900m sale; and Shell and Chevron celebrate deepwater success.
US base oil and Opec production falls; BP find strength in depth; Libya has a new oil minister and China talks to Uganda.
As oil prices rose throughout June, there was drama caused by a 'rogue' speculator and an interesting exchange of views on mid-term oil investments between OPEC and IEA's former Deputy Executive.