China Faces 250 Million Ton Oil Shortage by 2020 Date: Sunday, July 25 @ 05:54:40 PDT Topic: Consumption; Demand; Prices
China's consumption of crude oil may reach 450 million tons by 2020, with local output at 200 million tons, the report said, citing Chen Geng, president of China National Petroleum Corp. The country's demand for gasoline, diesel and kerosene may total 260 million tons by 2020, the report said.
