China's apparent oil demand climbed 9.1% Y/Y last month to an average 9.8M bbl/day, the highest...


China's apparent oil demand climbed 9.1% Y/Y last month to an average 9.8M bbl/day, the highest on record, according to a Platts analysis. The rise marks a rebound from a 1.5% contraction in August to 8.95M bbl/day, which was the lowest since Sept. 2011. "September's strong refinery runs and rise in net oil products imports suggest underlying demand was fairly stable" in Q3.

Comments (3)
  • Van Hyder
    , contributor
    Comments (172) | Send Message
     
    wonder if it's a move by the party leaders to use some of their forex reserves somewhere other than US treasuries as a hedge against a Romney win?
    25 Oct 2012, 05:27 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2862) | Send Message
     
    Likely building up reserves as prices decline.
    25 Oct 2012, 06:21 PM Reply Like
  • kmi
    , contributor
    Comments (4581) | Send Message
     
    This is interesting in that China's September LNG imports up 20% and coal stocks growing as well.

     

    Key, of course, will be to observe what its overall demand/demand growth will be for '12.
    25 Oct 2012, 06:34 PM Reply Like
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