CHINA GROWTH 3,1%
YOGN. China's apparent oil demand in February rose 3.1% year over year to an average 10.62 million barrels per day (b/d) or 40.56 million metric tons (mt), according to a Platts analysis of China's latest government data.
This followed a relatively large year-over-year contraction of 6.4% in January, when apparent oil demand averaged 9.48 million b/d.
The growth in apparent oil demand in February was evidenced by record high refinery runs. As reported by China's National Bureau of Statistics on March 19, crude oil processed by refineries in February rose 5.3% year over…
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