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Page added on August 22, 2011

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Chinese oil demand: up about 7% from a year ago

Platts’ monthly estimate of Chinese apparent oil demand shows a rebound in July compared to June, not surprising given that many refineries came out of maintenance.

But the broader number to keep your eye on is the month-to-month comparison over a 12-month period. That’s the figure that consistently ran double digits for many years, but has been sliding recently. For July, it’s just under 7%. You can see the full report here.

Platts



One Comment on "Chinese oil demand: up about 7% from a year ago"

  1. MrEnergyCzar on Tue, 23rd Aug 2011 12:18 am 

    They buy more cars each year than us and very few of them drive yet most want cars…scary stuff…

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