ADNOC bullish on China demand

Abu Dhabi National Oil Co, the state-owned oil company of the United Arab Emirates, said on Wednesday that China's growing demand for crude remained integral to its long-term growth strategy.

Imports are expected to account for more than 70 percent of China's crude oil supply in 2018. The UAE firm was confident of increasing its share of supplies, said Sultan Ahmed Al Jaber, the chief executive officer of ADNOC.

"We are wholly committed to ensuring oil supplies to China and the wider Asian region," said Al Jaber.