Markets

China Aug implied oil demand up 3.4pc

Published September 13, 2014 Updated September 13, 2014 07:12am

1 min

By Parvez Jabri

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SHANGHAI: China's implied oil demand in August rose 3.4 percent from a year earlier to 9.70 million barrels per day (bpd), according to Reuters' calculations based on government data.

Reuters calculates implied oil demand by combining official figures for refinery throughput and net imports of refined products, excluding any inventory changes, which are rarely disclosed by the government.

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