国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Latest News

Diesel sales slide on weaker industrial activity

By Reuters (China Daily) Updated: 2014-08-08 07:00

The drop in diesel demand has come as China, already the world's top energy consumer, tries to shift its economy away from an investment-led model to reduce overcapacity.

Banks have also tightened credit to curb investments in energy-intensive sectors such as cement, glass, coal and steel.

Dragged lower by weaker spending in oil and natural gas exploration as well as the iron ore and base metals sectors, China's fixed-asset investment growth slowed to 17.3 percent year-on-year in the first half of 2014 from 20.1 percent a year earlier, official data showed.

But shrinking diesel consumption, along with slackening coal demand, suggests that the state of China's key industrial sector may be gloomier than official statistics show.

First-half coal sales fell 2.3 percent to 1.73 billion metric tons, even though imports only rose 0.9 percent.

Slackening demand means fewer trucks are carrying coal from Inner Mongolia and Shanxi to the coastal cities.

The first executive said diesel consumption in northern China was the hardest hit, with some areas down 10 to 20 percent in the first half, while growth in the central and western parts of China was also losing momentum.

PetroChina reported in April that its diesel sales fell 15.4 percent in the first quarter.

Its next update on fuel sales will be in late August.

Consultancy IHS CERA has forecast China's diesel demand to fall 0.4 percent this year, the first decline since the research firm started tallying Chinese oil demand in 2002.

Chinese oil firms have also been trying to replace diesel in trucks and ships with liquefied natural gas. But experts said the displacement rate had been slower than expected since the start of the year as overall energy demand has slackened and the cost of natural gas has climbed.

IHS CERA estimated that inventory-adjusted diesel demand fell 1.8 million tons in the first half, while incremental displacement of diesel by natural gas was less than 410,000 tons.

Sinopec, which reported a 5.1 percent drop in diesel output in the first half of 2014, said its total refined fuel sales in the same period edged up 0.4 percent to 81.04 million tons.

It did not give a breakdown for diesel, gasoline and kerosene, but industry sources and CERA researcher Yan Kefeng said gasoline and kerosene sales in China both grew strongly in the first half,

suggesting a solid fall in diesel sales.

Diesel sales slide on weaker industrial activity

Diesel sales slide on weaker industrial activity

China lowers gasoline, diesel prices Gasoline, diesel prices hiked

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
漠河县| 安陆市| 青海省| 磐石市| 安阳市| 璧山县| 永兴县| 万源市| 南岸区| 沙坪坝区| 芦山县| 嘉黎县| 黄平县| 邵阳县| 井冈山市| 濉溪县| 讷河市| 石林| 亚东县| 惠东县| 兴国县| 镇赉县| 门源| 岗巴县| 丹江口市| 调兵山市| 东城区| 威远县| 松溪县| 台北县| 邵东县| 固阳县| 揭东县| 鄂托克前旗| 新民市| 广安市| 阜城县| 阳朔县| 平谷区| 进贤县| 金堂县|