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China 2013 crude oil demand growth at 468000 bl/day: Deutsche Bank

Posted on 25 January 2013

Deutsche Bank has revised up its Chinese oil demand growth projection for the year to about 5% at 468000 bl/day in comparison to 392000 bl/day for the past year.
“Our China economists believe that key drivers of this year’s economic recovery will be corporate and infrastructure investments, which should prove positive for raw materials demand.” the Bank said in a report. Chinese oil demand ended the year on a high note as data for the final months of 2012 reflected a sharp recovery………………………………………..Full Article: Source


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