10 June, 2015 at 7:03 am in Business
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Emerging markets, driven by China, are the main source of the increase in demand. You can see from this next chart how China demand for crude oil imports has grown over the past decade or so. China imported an average of just under 1.4 million barrels a day of oil in 2002, when prices were hovering sac michael kors pas cher around $20 per barrel..
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