Archive - Jul 24, 2004

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Chinese demand factors into global rise in oil prices

Submitted by acampbell on Sat, 07/24/2004 - 20:00.

Chinese demand factors into global rise in oil prices

SOURCE: Various Sources

July 25, 2004 - Surging Chinese demand is underpinning the recent spike in the price of oil, figures from the International Energy Agency show.

Traffic reaches a standtill in Beijing. China has adopted tougher vehicle emissions standards in an effort to clean up a suffocating air pollution problem amid a nationwide wave of car purchases.(AFP/File/Frederic J. Brown)