Australia oil data – Jan 2018

Published at 10:38 16 Apr 2018 by

Australian oil demand grew at the fastest pace in five months, by 63 thousand b/d y/y, to hit 1.01 mb/d in January. Demand growth was overwhelmingly led by diesel at 49 thousand b/d, as manufacturing PMI hit a five-month high of 58.7 in the month. Momentum in manufacturing appeared to pick up in Q1 …

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