China’s energy demand… Bloomberg

From Bloomberg:

“The strength in the nation’s import appetite contrasts with sluggish domestic demand for the fuels. The nation’s apparent oil consumption fell 0.7 percent in June from a year earlier, data compiled by Bloomberg show. China’s coal demand is set to drop by 3.4 percent this year, according to Citigroup Inc.”
“Not all analysts see demand growth stalling. Using an expanded measure to include components such as liquefied petroleum gas and mixed aromatics, demand through May expanded by 460,000 barrels a day, or 4 percent over the same period last year, Goldman Sachs Group Inc. analysts including Abhisek Banerjee said in a research note Monday. On average, the bank sees annual demand growth this year at 350,000 barrels a day.”

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