China`s commercial crude oil stocks down 1.55%
Source: Xinhua Citation: Xinhua Date: December 26, 2016
BEIJING - China`s commercial crude oil inventories declined 1.55 percent month-on-month by the end of November despite a sharp rise in imports.
While net imports of crude oil increased 12.8 percent in November, the amount of oil refined decreased, bringing total stocks up. Commercial crude oil inventories went down after other types of reserves were deducted.
Diesel reserves also dropped due to higher demand as the economy stabilizes.
Gasoline stocks rose slightly as the cold weather affected traveling and reduced demand for petrol.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2017 will be held at Meijiang Convention and Exhibition Center in Tianjin China in September23-25, 2017. We invite you to join the event and to celebrate the 19th anniversary of CHINA MINING with us. For more information about CHINA MINING 2017, please visit: m.balanzskin.com.
