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
...
...
延安市| 诸暨市| 新乡市| 招远市| 承德市| 蒙自县| 永安市| 台中县| 习水县| 乌兰浩特市| 大安市| 楚雄市| 淮安市| 射洪县| 松原市| 秭归县| 英吉沙县| 长垣县| 噶尔县| 临江市| 平舆县| 华池县| 永济市| 潮安县| 黄大仙区| 南靖县| 涟源市| 呈贡县| 博客| 沁源县| 佳木斯市| 合山市| 湄潭县| 黄陵县| 城固县| 哈密市| 岫岩| 吴忠市| 刚察县| 镇巴县| 日土县|