China Used 10.56 MMBOPD in June, but could Face Oversupply in NatGas by 2020
July 22, 2015
Oil demand driven by growth in air travel and vehicle usage China’s implied oil demand grew 3.5% in June, as rising air travel and vehicle usage boosted fuel consumption, reports Reuters. A drop in passenger car sales amid recent stock market weakness could limit future demand growth, however. China consumed about 10.56 MMBOPD of oil in June, up from 10.20
