Analysis by Platts shows apparent oil demand in August was 41.2mt, or an average 9.74mbpd, a year-on-year increase of 3.7%.
”This growth came despite a slew of bearish economic data, including a decelerating industrial production growth rate of 6.9% – the he slowest pace since end-2008,” said Platts.
On a month-over-month basis, China’s apparent oil demand in August rose 1.4% from July.
