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


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