China oil demand hits highest in 17 months


File photo of workers install a big advertisement at a gasoline station in Shanghai. China consumed roughly 10.2 million barrels per day (bpd) of oil in June, up 8.4% from May, with car owners driving demand - AFP Photo.

BEIJING: China's implied oil demand rose in June to its highest level since January 2013 as crude runs hit a record high, although there were still doubts that the numbers reflected a healthy economy.

Analysts remain cautious about the broad economic outlook in the world's second largest oil consumer, noting that faster-than-expected growth in the second quarter was driven more by government support than by genuine momentum.

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