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

|By:, SA News Editor

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.