Middle East Economic Survey

VOL. LII

No 25

22-Jun-2009

SUPPLY/DEMAND

Chinese Crude Oil Demand Seen As Green Shoot For Oil Fundamentals

Société Générale described Chinas demand growth as the most important green shoot for oil fundamentals so far, in the Commodity Weekly report, published on 16 June. Looking at preliminary May data for Chinese crude imports, crude runs and product imports, Société Générale said apparent demand in China (refinery crude plus net product imports) had unquestionably...