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China Oil Supply - August 14

Source: OPEC 8/26/2014, Location: Asia

China’s oil supply is forecast to average 4.27 mb/d in 2014, indicating a growth of 30 tb/d, compared with the previous year, unchanged from the previous MOMR. China’s oil supply averaged 4.24 mb/d in 1H14, 10 tb/d less than the same period one year ago, but it is predicted that production will grow in 2H14 to average 4.30 mb/d. On a quarterly basis, China’s oil output is seen to stand at 4.24 mb/d, 4.23 mb/d, 4.27 mb/d and 4.33 mb/d, respectively.

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