The Annual Shale Gas Technology & Equipment Event
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- Chinese
BEIJING, Nov. 28 (Xinhua) -- China's commercial crude oil inventories declined 1.9 percent month-on-month in October as crude imports fell sharply, data showed Monday.
Net imports of crude oil fell 12.7 percent in October, while the amount of oil refined increased, bringing stocks down.
Diesel reserves also dropped due to high demand from autumn farming and construction projects in October.
However, gasoline stocks rose slightly as the cold weather affected travelling and reduced demand for petrol.
Unconventional natural gas has become a global hotspot. It is changing the pattern of the world energy. Shale gas will become one of the three energy resources in the next 20 years. Read More >
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