WATCHING THE WORLD: China parries price claims

The Chinese are becoming defensive over claims that they are responsible for the rising cost of crude oil. Indeed, they recently trotted out a senior official to deny the claims.Ma Kai, Director of China’s National Development and Reform Commission (NDRC), commented on the subject in Qiushi magazine, a publication of the Communist Party.“The argument saying China’s surging demand for oil is a key factor in driving up oil prices is groundless. China will never pose a threat to global energy security,” Ma Kai wrote.He said China’s net oil imports accounted for 5.5% of global trade volume in 2005, compared with the US’s 25% and Japan’s 10%.Consumptio...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected