ASIA

Voracious crude oil appetite to cost China dearly

CHINA will face an annual crude oil import bill of $US500 billion by 2020 to keep up with domestic demand, while US imports will fall.

Voracious crude oil appetite to cost China dearly

China's demand for crude oil is set to skyrocket 360% by 2020, while the US' is tipped to fall 32% by the same period. According to Wood Mackenzie, China's annual crude import bill will far outweigh...

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