Chinese oil demand growth is slowing but remains firm, and concerns are growing over diesel supply. Apparent oil demand — domestic production plus net oil imports — rose to 9.64mn b/d in April, 170,000 b/d higher than in March (AGM, 2 May, p2). Demand growth slowed to just over 350,000 b/d in March-April from a year earlier. By comparison, demand growth was 1.3mn b/d in November 2010-February 2011 against the same period a year earlier.
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