Australia oil data – May 2017

Published at 03:56 16 Jul 2017 by . Last edited 11:37 17 Jul 2017.

Australian May oil demand hit the second highest level on our records (which date back to 2009), at 1.06 mb/d, just 1 thousand b/d lower than the record in February and higher y/y by a massive 90 thousand b/d. Once again, diesel was the main driver of demand growth hitting a new record of 0.52 mb/d,..

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