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China's oil consumption in 2017 will hinge, in part, on the strength of its car market.
Economy

Chinese oil demand poses burning question

Will country guzzle enough in 2017 to drive global market?

AKANE TAMURA, Nikkei staff writer | China

TOKYO -- Oil market players are keen to get a read on Chinese demand in 2017. Specifically, they want to know whether the country has what it takes to drive global crude demand.

The prevailing view is that China's expanding population, still-brisk economy and growing ranks of drivers will lead to more oil consumption. But there are risks to consider, too, including the impact of higher taxes on small cars.

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