Platts Report: China's December Oil Demand at Record High 9.6 Mil B/ D

Summary


SINGAPORE, Jan. 21, 2011 /PRNewswire/ -- Platts - China's apparent oil demand* in December rose 18% year over year to a record 40.73 million metric tons (mt), or an average 9.6 million barrels per day (b/d), with both crude throughput and net oil product imports rising, according to just-released Platts' analysis of the latest official data.

Oil demand in December was also up 7% from November's 38.09 million mt, or 9.3 million b/d, the previous record high.

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Platts Report: China's December Oil Demand at Record High 9.6 Mil B/ D

For all of 2010, China's apparent oil demand rose 11.43% year over year to a record 434.40 million mt, or an average 8.71 million b/d, Platts' analysis showed.

Chinese state-owned refiners processed 38.72 million mt of...

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