Weakened economic growth in China may account for the relatively small increase in the nation’s implied oil demand, although an improvement is expected for the second half, according to a new analysis.
Implied oil demand in China increased only 0.5% year-on-year in May to 39.72 million metric tonnes (mt) or an average 9.39 million barrels per day (bpd), say energy specialists at Platts.
Apparent
