China oil data – Apr 2019

Published at 10:11 28 May 2019 by

Implied demand in April reached 12.86 mb/d, up y/y by 0.50 mb/d (4%) despite a weakening economic outlook. Actual demand (adjusted for stock changes) was likely higher than implied data suggest, at 13.06 mb/d (+0.50 mb/d y/y) as refiners usually destock during maintenance.Apparent gasoline demand re…

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