China oil data – Dec 2018

Published at 10:34 25 Jan 2019 by

China’s implied demand in December was flat y/y at 12.16 mb/d, with slowing growth likely exacerbated by end-user destocking. Actual demand (adjusted for stock changes) was likely higher y/y by 0.20 mb/d. In 2018, Chinese actual demand slowed to below 0.5 mb/d, the weakest growth rate since 2013. We…

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