China’s Oil Demand Growth May Slow in Third Quarter
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China’s apparent crude demand growth may slow “noticeably” in the third quarter as the world’s fastest-growing major economy cools, said the China Petroleum & Chemical Industry Association.
The nation’s oil demand, including domestic output and net imports and excluding inventories, may rise 5.8 percent to 108 million metric tons, or 8.6 million barrels a day, the association said in its monthly report posted on its website today. That compares with the 15 percent gain in the second quarter and the 22 percent increase in the first, according to government data.