Markets

China's preliminary Jan-Feb implied oil demand up 0.6pc

Published March 12, 2016 Updated March 12, 2016 11:28am

1 min

By Parvez Jabri

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BEIJING: China's January-February implied oil demand rose 0.6 percent from the same period a year earlier to 10.51 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 with adjustments for estimate changes in commercial fuel stocks.

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