Markets

China's preliminary Nov implied oil demand down 1.6pc on year

Published December 12, 2015 Updated December 12, 2015 12:06pm

1 min

By Parvez Jabri

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BEIJING: China's implied oil demand fell 1.6 percent in November from a year earlier to 10.17 million barrels per day (bpd), according to Reuters' calculations based on preliminary government data.

Preliminary implied oil demand is the sum of domestic refinery throughput and net imports of refined products, on a bpd basis.

Reuters will publish more detailed demand calculations later in the month, with a breakdown by product and adjustments for estimated changes in commercial fuel stocks.

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