Demand for oil in China slipped 2.7 percent in May

July 12, 2016 / By Surprise Valley Resources

HOUSTON – Oil demand in China slipped 2.7 percent in May as the world’s second-largest energy consumer reduced imports, after growing steadily each month this year, S&P Global Platts said Tuesday. The country’s oil demand declined to 10.88 million barrels a day as economic activity softened and refineries used 4.3 percent less crude compared with the …
Source: FuelFix