Page 5 - சீனா பெட்ரோலியம் இரசாயன கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Hong Kong stocks fall as energy shares retreat
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Automotive Antifreeze Market 2021 : Emerging Trend, Opportunity and Complete Strategic Analysis – KSU
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Energy Insider: Chinese SOE profits up 170% in first five months; Baowu and Vale launch Indonesia nickel project
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6/14/2021 11:31:38 PM GMT | By Anil Panchal
Bloomberg’s latest analytics on China’s oil demand cites cars as the key catalysts, suggesting an opaque market going forward.
“Gasoline demand in May was 5% higher than the same period in 2019, according to the median of five estimates from the nation’s top oil companies including China Petroleum & Chemical Corp., better known as Sinopec, and China National Petroleum Corp, as well as industry analysts. Diesel use wasn’t as robust, with most respondents seeing flat consumption last month,” said Bloomberg.
Further, BloombergNEF estimates diesel demand as 10.04 million tons in April while 11.98 million tons of gasoline was demand during the stated month.
Oil Steady as Traders Weigh Demand and Variants
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