China oil data – June 2019

Published at 13:56 29 Jul 2019 by . Last edited 11:18 22 Aug 2019.

Implied oil demand in June hit 13.04 mb/d, up y/y by 0.44 mb/d (3.5%) despite slowing economic growth. Actual demand (adjusted for stock changes) was likely higher than implied data suggest, at 13.13 mb/d (+0.51 mb/d y/y), as refiners drew stocks during maintenance season. Apparent gasoline demand...

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