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Abstract Growth rate of oil demand rose again in China in the first half of 2015. Demand for oil
products went on differentiating, and the demand growth of most products sped up. Growth rate of oil
production rose again, oil imports increased rapidly, and external dependence of crude oil and oil broke
through 60% separately. The State adjusted the prices of gasoline and diesel timely and frequently, based
on pricing mechanism. Price hike was higher than reduction. Oil market got weak, yet more stable. China
increased the pace of reforms in marketization. In the second half, oil demand will increase continuously
but with lower growth rate, oil production will rise more slowly, imports of crude oil and oil will keep
on rising rapidly, gasoline and kerosene as well as diesel will witness a net import, and the market of
gasoline, kerosene and diesel will be more stable.
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Published: 19 October 2015
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2015, Vol. 22 
