CNPC says China's oil demand is falling sharply

摘要

Hong Kong-China's demand for oil is falling sharply and inventories are surging as the global economic downturn starts to make itself felt, the country's largest integrated oil company China National Petroleum Corporation said November 17. CNPC's production has been affected "adversely" as the international financial crisis intensifies and takes its toll on China, according to the statement on the company's website. "The impact has become even more obvious since September," the statement said, citing CNPC President Jiang Jiemin, who was speaking on a company video conference on November 14.