Platts
report announfces China's Oil demand hits record volume in September
China's
apparent oil demand* rose 9.1% year on year in September to 40.12
million metric tons (mt), or an average 9.8 million barrels per day
(b/d), the highest on record, a just-released Platts analysis of
recent Chinese government data showed.
26
October, 2012
September
apparent* demand surpassed the previous record of 9.77 million b/d
hit in February this year. Demand growth for the month was also the
highest since February 2011.
The
September growth in apparent demand is a rebound from a 1.5%
contraction in August to 8.95 million b/d, the lowest since September
2011, when demand was also at 8.95 million b/d. That was the second
contraction this year, after apparent demand dipped 1.9% to 9 million
b/d in June, before rising 2.4% year on year to 9.2 million b/d in
July.
Apparent
demand in September was boosted by higher refinery throughput, which
rose 7% from September 2011 to 9.47 million b/d, according to data
released by China's National Bureau of Statistics on October 18. This
is the highest on record since the 9.38 million b/d seen in January.
Another factor in the rise in apparent demand was the surge in net
oil product imports of 156.6% year on year to 1.36 million mt in
September....
No comments:
Post a Comment
Note: only a member of this blog may post a comment.