Tag Archives: supply. demand. China consuption

Chris Nelder, logi Energy-China: The Vampire Squid of Commodities, Part One

Against a GDP growth rate of 8-8.5%, the stagnant supply picture means that China’s demand for oil imports will grow from 4 mbpd today to over 10 mbpd by 2020. China now constitutes 7.5% of global GDP and 9% of global oil demand, which will soon grow into the teens. Continue reading