China April Oil Demand Growth Strongest Since 2004

(Reuters) – China’s apparent demand for oil climbed 10.8 percent in April from a year earlier, the strongest rise since 2004, after an increase in state-set fuel prices encouraged refiners to boost supplies to the domestic market.

The world’s second-largest oil consumer used 6.69 million barrels per day (bpd) last month, calculations based on official data showed, despite a fall in crude imports as refiners shunned soaring global markets.
Reuters