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Author Topic: Platts: China's Oil Demand Hits Record High in November Back to Topics
PD

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Message Posted: Dec 28, 2012 8:44:14 AM

China's apparent oil demand* rose 9.1% year over year in November to 42.96 million metric tons (mt), or an average 10.5 million barrels per day (b/d), the highest on record, a just-released Platts analysis of recent Chinese government data showed.
November apparent demand surpassed the previous record high of 9.8 million b/d in September. It was also higher than in October, when apparent demand had risen 6.6% year over year to 9.75 million b/d.
The robust growth is more evidence that China's economy is on the mend. In November last year, apparent demand grew by just 3.3% year over year to 9.62 million b/d.

Apparent demand in November was boosted by record refinery throughput, which rose 9.1% from November 2011 to 10.17 million...

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REPLIES (newest first) Post a Reply
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gasguzler4667
Sophomore Author Ottawa

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Message Posted: Jan 9, 2013 12:41:56 AM

China wants it all? I say its the manufacturing industry sending all the work in china cause of the hourly rates and the pollution restriction are almost none existing.So tell me who is giving them the power?
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Gas4Gore
Champion Author Detroit

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Message Posted: Jan 8, 2013 9:23:24 PM

They really have a lot of drivers, eh.
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mabrams184
Champion Author Lexington

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Message Posted: Jan 3, 2013 9:29:39 PM

China wants it all.
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traffic cop
Champion Author Boston

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Message Posted: Jan 2, 2013 9:05:19 PM

Because Obama vetoed* the Keystone Pipeline down from the Alberta oil fields to our southern refineries, Canada is building a pipeline West to the Pacific to ship their oil to China. Of course, China has been buying up huge amounts of oil (and agricultural) lands in Africa....

*This may change. Now that they all voted for him, the Eco-idealogues may find themselves shafted if Obama thinks he needs the pipeline. Then again, his buddy, tax-cheat Warren Buffet's Berkshire Hathaway owns a big stake in Burlington Northern. They make a lot of money hauling Dakota oil down in their tankers.... Wouldn't want to infringe on Buffet now, Mr. President!
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Dennisjk
Champion Author Detroit

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Message Posted: Jan 1, 2013 7:54:29 PM

Where is their conservation?
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joanne_abrahams
Rookie Author New York

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Message Posted: Dec 31, 2012 11:15:48 AM



sad
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txrojo2005
Champion Author Austin

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Message Posted: Dec 30, 2012 10:37:50 AM

Yep. Unless China has a recession.
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mst150
Champion Author Detroit

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Message Posted: Dec 29, 2012 8:19:40 PM

I wonder what December's consumption will be.
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virostek
Veteran Author Virginia

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Message Posted: Dec 29, 2012 2:22:42 PM

OK
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mattpolska
Veteran Author Winnipeg

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Message Posted: Dec 29, 2012 1:33:02 PM

this is the reason why gasoline so high
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Gas4Gore
Champion Author Detroit

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Message Posted: Dec 29, 2012 12:58:21 PM

Great, now let us sell them our private sector oil at $200 a barrel and reduce our national debt with the money.
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otherdave
Champion Author Indiana

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Message Posted: Dec 29, 2012 6:56:51 AM

Not surprising.
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FusionCa
Champion Author San Diego

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Message Posted: Dec 29, 2012 12:09:41 AM

Oil-Guzzlers!
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Doomsday64
All-Star Author Austin

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Message Posted: Dec 29, 2012 12:08:26 AM

Us and China should be getting a bulk rate discount.
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BlueLesPaul2006
Veteran Author Delaware

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Message Posted: Dec 29, 2012 12:05:45 AM

Chinas demand is going to crush American wallets soon. Since China is using more and there economy is improving while ours is in decline we are screwed.
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TheSicilian
Champion Author Jacksonville

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Message Posted: Dec 29, 2012 12:04:06 AM

no surprise
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Dec 29, 2012 12:02:17 AM

Great question by slowpoke63!!!!!
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cheaper0ON
Champion Author Ontario

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Message Posted: Dec 29, 2012 12:01:31 AM

Big Country.
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NemoIL
Champion Author Illinois

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Message Posted: Dec 29, 2012 12:00:40 AM

Their economy is growing while ours is collapsing.
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bvrbill
Champion Author Eugene

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Message Posted: Dec 28, 2012 11:59:35 PM

Another reason for us to consume less. China's demand will keep prices high here.
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 28, 2012 11:58:42 PM

Unfortunately, @goodbuy, only Big Oil would see any of those profits, not you. It's the selling of our domestic oil supplies on the open market which is keeping our gas prices high.
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Rednix
Champion Author Miami

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Message Posted: Dec 28, 2012 11:58:27 PM

Now? I thought that would have happened last year.
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slowpoke63
Champion Author Louisiana

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Message Posted: Dec 28, 2012 11:57:54 PM

I wonder if oil is as expensive to them as it is to us.
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Trowinsamoan
Champion Author Los Angeles

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Message Posted: Dec 28, 2012 11:55:18 PM

Sell it to them for twice what we paid for
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goodbuy
Champion Author Michigan

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Message Posted: Dec 28, 2012 11:54:11 PM

Sell them all the gasoline they need, at $10.00 a gallon.
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WIPACKERFAN
Champion Author Chicago

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Message Posted: Dec 28, 2012 11:54:05 PM

Nothing we can do about it.
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 28, 2012 11:52:21 PM

Can we sell China the oil that YOU need, @Chris46?
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Chris46
Champion Author Dayton

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Message Posted: Dec 28, 2012 11:45:00 PM

Sell China some our oil, and buy back our land from them!
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 28, 2012 11:44:12 PM

@HawaiianGuy, how do you explain the rampant government spending before November 2008? Wasn't there a little matter of two wars in the Midlle East, the establishment of a bloated Dept of Homeland Security, and the general War on Terror?

Who paid for those purchases on the national credit card?
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Mr_Bill_W
All-Star Author Virginia

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Message Posted: Dec 28, 2012 11:41:34 PM

Good for them but not US!
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 28, 2012 11:40:57 PM

Don't be so sure about that, @mstearno. You understand that China's "robust" economy is fast decelerating, right? The Walmarts of the world are already sniffing around Vietnam, Burma, and Bangladesh for even cheaper labor. And barring those labor pools, manufacturing is slowly making its way back to America's shores.
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mstearno
Champion Author Dayton

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Message Posted: Dec 28, 2012 11:35:43 PM

Hey Rob what does China have to show for their consumption???
How about a robust economy and jobs!!!!!
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 28, 2012 11:34:01 PM

@tankumo is correct. China was once also a net oil exporter, too, but their consumption has gobbled up all of that oil. Now, China is going all over the Third World to develop those countries' oil resources, in order to bring that oil back to China.
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BREW9
Champion Author Tampa

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Message Posted: Dec 28, 2012 11:32:05 PM

ok
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Dragnet
Champion Author Arizona

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Message Posted: Dec 28, 2012 11:31:30 PM

China better start building cars that burn rice or else they will soon run out of American money.
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yonasb
Champion Author Houston

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Message Posted: Dec 28, 2012 11:31:19 PM

That is a lot of oil
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scubadaniel
Champion Author Dayton

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Message Posted: Dec 28, 2012 11:30:51 PM

Aviator Rob - I built my computer myself. I am sure some parts might be from China, but not many. I have been on this kick for a while. It took me 2 years to find sandals made in the USA!
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 28, 2012 11:30:35 PM

What do you propose, @drinkingitup? China already has a one-child policy. That's why there are only 1.3 billion Chinese and not 2 billion.
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Jeeputtputt
Champion Author Ohio

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Message Posted: Dec 28, 2012 11:29:58 PM

why am i so prejudice, oh yea they are killing us.
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 28, 2012 11:29:13 PM

China produces oil just like we do, @hcivic, but demand is fast outstripping supply. Guess they need to start fracking in China, too.
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Aviator_Rob
Champion Author New York

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Message Posted: Dec 28, 2012 11:27:57 PM

Where was your computer made, @scubadaniel?
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hcivic
Champion Author Virginia

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Message Posted: Dec 28, 2012 11:27:35 PM

but dont they produce oil in China????
not enough?
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GasHunter0007
Veteran Author California

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Message Posted: Dec 28, 2012 11:27:32 PM

China has money. they can afford it; we can't. after all China is not waging war with the Middle East or anyone else. Wouldn't it be nice if we just keep our military force right here in our own boundary lines instead of scattering them world-wide to protect our 'interest' or to protect the corporation's interests at taxpayers' expense.
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scubadaniel
Champion Author Dayton

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Message Posted: Dec 28, 2012 11:27:02 PM

As long as we keep sending them billions of our money, they will grow faster than us. Way past time to stop buying stuff made in Chins. That means no Apple products!!
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GigHarborHound
Champion Author Tacoma

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Message Posted: Dec 28, 2012 11:24:01 PM

DUHHHH!!!
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PrepHermit
Champion Author New Jersey

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Message Posted: Dec 28, 2012 11:21:58 PM

Oil, oil everywhere and not a drop to spare.
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regout
Champion Author Quebec

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Message Posted: Dec 28, 2012 11:20:52 PM

No surprise with the number of people living in China.
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Dec 28, 2012 11:17:23 PM

Growth reaccelerating. U.S. must become self-sufficient and use less energy as fast as possible
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drinkingitup
Rookie Author Los Angeles

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Message Posted: Dec 28, 2012 11:17:10 PM

china should stop making people
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BoerneWatch
Champion Author San Antonio

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Message Posted: Dec 28, 2012 11:14:26 PM

And yet, the very vast majority of Chinese can not afford to fill up an average tank full of gas.
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