Scandoil  

Platts Report: China Oil Demand Declined 1.9% in December 2013 from Prior Year


Published Jan 28, 2014
Platts

China's apparent oil demand in December 2013 fell 1.9% to an average 10.11 million barrels per day (b/d) or 42.76 million metric tons (mt) versus prior year data, according to a Platts analysis of China’s latest government data.

December was the second consecutive month that China’s apparent oil demand contracted and marked the third monthly decline this year, behind November’s 2.1% decline and September’s 2.3% drop.

The dip in apparent oil demand last month was evidenced by relatively lower refining activity and a significant drop in net oil product imports. As reported by the National Bureau of Statistics on January 20, crude oil processing by refineries was down 0.2% versus a year ago to 9.94 million b/d.

In 2013, China’s apparent oil demand rose 2.5% versus the prior year to 9.83 million b/d. This was the same rate of expansion for the same period in 2012 versus 2011.

Tags: Platts




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml