Bloomberg News

China Slowdown May Put Oil Outlook at Risk, Morgan Stanley Says

May 21, 2012

A slowdown in Chinese oil demand may put consumption forecasts “at risk,” Morgan Stanley (MS:US) analysts includingHussein Allidina said in a report dated yesterday. The country’s crude usage climbed by 296,000 barrels a day according to first-quarter data from the government. That is a lower rate than the 512,000 barrels in the bank’s outlook for the year.

To contact the reporter on this story: Yee Kai Pin in Singapore at kyee13@bloomberg.net

To contact the editor responsible for this story: Christian Schmollinger at christian.s@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • MS
    (Morgan Stanley)
    • $38.28 USD
    • -0.23
    • -0.6%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus