according to an article from the international Energy Agency`Chinese demand for crude oil jumped by 11.5 in October; expanding "at breakneck speed." The global appetite for crude is expected to grow by 1.4 million barrels a day in 2003, and 1.2 million barrels in 2004. In a move that's likely to make Wang Jian just a little bit more nervous, OPEC announced it will look into pricing oil in euros to offset losses incurred from a falling dollar. Could the recent visit to PNG have been to shore up its reserves/could the Chinese have something planned for PNG gas? OSH is entering an exciting time, let's see what the next few weeks has in store
OSH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
