Australia oil data – June 2019

Published at 10:28 19 Aug 2019 by . Last edited 11:18 22 Aug 2019.

Australia’s oil product demand fell y/y in June for a seventh straight month, by 36 thousand b/d to 1.03 mb/d. Diesel led the decline, dropping y/y by 18 thousand b/d to 0.51 mb/d, as the country’s manufacturing PMI at 49.4 showed the first signs of contraction in three years. We expect...

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