Oil Prices - May 29
Posted: Fri May 29, 2015 12:27 pm
This is why oil price is up today:
> http://www.marketwatch.com/story/platts ... 2015-05-29
> Plus, yesterday's U.S. oil storage report was bullish
> IMO global demand for transportation fuels will continue to move higher
SINGAPORE, May 29, 2015 /PRNewswire/ -- China's apparent oil demand* in April increased 5.4% from a year earlier to 42.89 million metric tons (mt), or an average 10.48 million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data.
Apparent demand during the month was mainly supported by an increase in demand for light-end products such as gasoline. (SUV sales in China are way up this year.)
China's refinery throughput in April averaged 10.54 million b/d, rising 6.9% from a year earlier, data from the country's National Bureau of Statistics showed May 13.
> http://www.marketwatch.com/story/platts ... 2015-05-29
> Plus, yesterday's U.S. oil storage report was bullish
> IMO global demand for transportation fuels will continue to move higher
SINGAPORE, May 29, 2015 /PRNewswire/ -- China's apparent oil demand* in April increased 5.4% from a year earlier to 42.89 million metric tons (mt), or an average 10.48 million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data.
Apparent demand during the month was mainly supported by an increase in demand for light-end products such as gasoline. (SUV sales in China are way up this year.)
China's refinery throughput in April averaged 10.54 million b/d, rising 6.9% from a year earlier, data from the country's National Bureau of Statistics showed May 13.