Tags: Goldman | China | Oil | Importer

Goldman Sees China Becoming Biggest Oil Importer

Monday, 09 Jan 2012 02:28 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
China is due to overtake the United States to become the world's biggest oil importer within a year and a half, Goldman Sachs said on Monday.

U.S. oil imports have slid by 40 percent over the past several years as technological innovation in areas such as shale gas has boosted output, while demand has soared in China, Jeff Currie, head of commodities research for the investment bank, told a strategy conference in London.

"Within the next 12 to 18 months, China's going to surpass the United States as the biggest importer of oil in the world," he said.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved