Chinese Oil Demand eased in April. Rise in Crude Imports Signaled SPR Buildup
pletcherplsAccording to Reuters' calculation, the implied oil demand in China slipped -0.8% m/m to 9.71M bpd in April. From a year ago, demand added +1.1% due to a low base last year as demand had decelerated from elevated levels reached in the first quarter at that time. For the first 4 months of the year, oil demand gained +0.4% y/y to 9.9M bpd.
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Chinese Oil Demand eased in April. Rise in Crude Imports Signaled SPR Buildup
