Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:57 AM

GasBuddy News Article

47
votes
Platts: China's Oil Demand Hits Record High in November

GasBuddy Blog -- 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...


Read the Full Article

Submitted Dec 28, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Platts: China's Oil Demand Hits Record High in November Back to Topics
REPLIES (newest first) Post a Reply
gasguzler4667
Sophomore Author Ottawa

Posts:202
Points:10,210
Joined:Nov 2012
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?
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Jan 8, 2013 9:23:24 PM

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

Posts:4,155
Points:1,262,115
Joined:Aug 2011
Message Posted: Jan 3, 2013 9:29:39 PM

China wants it all.
traffic cop
Champion Author Boston

Posts:3,427
Points:1,251,770
Joined:Oct 2004
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!
Dennisjk
Champion Author Detroit

Posts:9,027
Points:2,646,835
Joined:Apr 2006
Message Posted: Jan 1, 2013 7:54:29 PM

Where is their conservation?
joanne_abrahams
Rookie Author New York

Posts:73
Points:7,565
Joined:Aug 2012
Message Posted: Dec 31, 2012 11:15:48 AM



sad
txrojo2005
Champion Author Austin

Posts:1,476
Points:1,114,975
Joined:May 2011
Message Posted: Dec 30, 2012 10:37:50 AM

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

Posts:5,914
Points:939,005
Joined:Dec 2012
Message Posted: Dec 29, 2012 8:19:40 PM

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

Posts:423
Points:90,285
Joined:Oct 2012
Message Posted: Dec 29, 2012 2:22:42 PM

OK
mattpolska
Veteran Author Winnipeg

Posts:342
Points:95,600
Joined:Nov 2010
Message Posted: Dec 29, 2012 1:33:02 PM

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

Posts:3,370
Points:600,885
Joined:Jan 2010
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.
otherdave
Champion Author Indiana

Posts:6,676
Points:2,050,315
Joined:Oct 2008
Message Posted: Dec 29, 2012 6:56:51 AM

Not surprising.
FusionCa
Champion Author San Diego

Posts:3,997
Points:1,320,370
Joined:Jun 2011
Message Posted: Dec 29, 2012 12:09:41 AM

Oil-Guzzlers!
Doomsday64
All-Star Author Austin

Posts:905
Points:377,150
Joined:Apr 2011
Message Posted: Dec 29, 2012 12:08:26 AM

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

Posts:420
Points:144,180
Joined:Mar 2010
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.
TheSicilian
Champion Author Jacksonville

Posts:8,639
Points:2,255,180
Joined:Feb 2009
Message Posted: Dec 29, 2012 12:04:06 AM

no surprise
SparkieMi
Champion Author Kalamazoo

Posts:6,335
Points:1,346,675
Joined:Sep 2011
Message Posted: Dec 29, 2012 12:02:17 AM

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

Posts:4,200
Points:1,179,905
Joined:Jan 2012
Message Posted: Dec 29, 2012 12:01:31 AM

Big Country.
NemoIL
Champion Author Illinois

Posts:5,794
Points:2,020,745
Joined:Aug 2008
Message Posted: Dec 29, 2012 12:00:40 AM

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

Posts:8,216
Points:1,300,405
Joined:Jul 2011
Message Posted: Dec 28, 2012 11:59:35 PM

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

Posts:7,495
Points:1,179,980
Joined:Mar 2012
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.
Rednix
Champion Author Miami

Posts:9,282
Points:2,045,435
Joined:Jul 2009
Message Posted: Dec 28, 2012 11:58:27 PM

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

Posts:5,427
Points:1,517,145
Joined:Jul 2009
Message Posted: Dec 28, 2012 11:57:54 PM

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

Posts:2,349
Points:511,165
Joined:Nov 2012
Message Posted: Dec 28, 2012 11:55:18 PM

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

Posts:10,705
Points:2,157,375
Joined:May 2005
Message Posted: Dec 28, 2012 11:54:11 PM

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

Posts:12,054
Points:2,622,730
Joined:Aug 2005
Message Posted: Dec 28, 2012 11:54:05 PM

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

Posts:7,495
Points:1,179,980
Joined:Mar 2012
Message Posted: Dec 28, 2012 11:52:21 PM

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

Posts:50,654
Points:2,850,645
Joined:Sep 2005
Message Posted: Dec 28, 2012 11:45:00 PM

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

Posts:7,495
Points:1,179,980
Joined:Mar 2012
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?
Mr_Bill_W
All-Star Author Virginia

Posts:670
Points:893,475
Joined:Feb 2012
Message Posted: Dec 28, 2012 11:41:34 PM

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

Posts:7,495
Points:1,179,980
Joined:Mar 2012
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.
mstearno
Champion Author Dayton

Posts:9,689
Points:2,360,560
Joined:Jan 2008
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!!!!!
Aviator_Rob
Champion Author New York

Posts:7,495
Points:1,179,980
Joined:Mar 2012
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.
BREW9
Champion Author Tampa

Posts:4,132
Points:3,694,085
Joined:Jun 2004
Message Posted: Dec 28, 2012 11:32:05 PM

ok
Dragnet
Champion Author Arizona

Posts:18,814
Points:3,663,905
Joined:Jul 2004
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.
yonasb
Champion Author Houston

Posts:3,463
Points:852,575
Joined:Apr 2011
Message Posted: Dec 28, 2012 11:31:19 PM

That is a lot of oil
scubadaniel
Champion Author Dayton

Posts:4,539
Points:1,463,695
Joined:Jan 2011
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!
Aviator_Rob
Champion Author New York

Posts:7,495
Points:1,179,980
Joined:Mar 2012
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.
Jeeputtputt
Champion Author Ohio

Posts:3,042
Points:693,325
Joined:Aug 2009
Message Posted: Dec 28, 2012 11:29:58 PM

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

Posts:7,495
Points:1,179,980
Joined:Mar 2012
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.
Aviator_Rob
Champion Author New York

Posts:7,495
Points:1,179,980
Joined:Mar 2012
Message Posted: Dec 28, 2012 11:27:57 PM

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

Posts:7,086
Points:3,040,740
Joined:Aug 2005
Message Posted: Dec 28, 2012 11:27:35 PM

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

Posts:303
Points:316,455
Joined:Oct 2012
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.
scubadaniel
Champion Author Dayton

Posts:4,539
Points:1,463,695
Joined:Jan 2011
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!!
GigHarborHound
Champion Author Tacoma

Posts:4,033
Points:785,610
Joined:Sep 2011
Message Posted: Dec 28, 2012 11:24:01 PM

DUHHHH!!!
PrepHermit
Champion Author New Jersey

Posts:11,120
Points:2,408,405
Joined:Aug 2008
Message Posted: Dec 28, 2012 11:21:58 PM

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

Posts:6,180
Points:1,609,330
Joined:May 2010
Message Posted: Dec 28, 2012 11:20:52 PM

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

Posts:10,197
Points:2,387,460
Joined:Jun 2008
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
drinkingitup
Rookie Author Los Angeles

Posts:47
Points:125,115
Joined:May 2010
Message Posted: Dec 28, 2012 11:17:10 PM

china should stop making people
BoerneWatch
Champion Author San Antonio

Posts:18,980
Points:3,236,415
Joined:Oct 2005
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.
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Dec 28, 2012 11:12:08 PM

Oh my.
Post a reply Back to Topics