Summary
SINGAPORE, July 21, 2011 /PRNewswire/ -- China's apparent oil demand* in June was 36.92 million metric tons (mt), or an average of 9.01 million barrels per day (b/d), as a heavy maintenance program during the month curtailed consumption, according to Platts' analysis based on recent statistics released by the Chinese government.
June's demand of 36.92 million mt marked a slim rise of 0.5% from the same month a year ago. This year-on-year increase of 0.5% was drastically slower than year-on-year growth rates of between 8% and 15.8% recorded between January and May 2011, and June's oil demand at 9.01 million b/d was just marginally higher than the previous low of 8.95 million b/d in October 2010.See the full content of this document
Extract
Platts: Lowest in Nine Months
"June's oil demand growth was the lowest in over two years as a number of Chinese refineries decided to shut their plants for repairs and maintenance last month because of lofty global crude oil prices, and output declined after an easing in a r...
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