SINGAPORE, Aug. 27 (UPI) -- The decline in how much oil China needs is a reflection of a slowdown in its economy, analysis from Platts said Wednesday.
Apparent oil demand, a reflection of how much oil goes into domestic refineries combined with net oil product imports, decreased 2.1 percent in July year-on-year. From June, apparent oil demand dropped 6.2 percent to 9.61 million barrels per day.