China's refinery run rates fell for the seventh straight month, raising concerns about oil demand and contributing to declining oil prices.
Refinery run rates in China fell for the seventh month in a row in October, shedding 4.6% on an annual basis, data from the country’s statistics agency showed, as quoted by Reuters. As a result of the series of monthly declines, average refinery run rates for the first ten months of the year booked a 2% annual decline, for a daily average of 14.14 million barrels.
3% but that rate was a dip on September, when activity grew by 5.4%. Analysts polled by Reuters had expected growth of 5.6% for October. On the flip side, retail sales in the country booked a 4.8% increase in October, up substantially from the 3.2% growth rate registered in the previous month.
Oil Demand Refinery Run Rates Economic Growth Factory Activity Retail Sales IEA OPEC Oil Prices Economic Stimulus
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Strictly Come Dancing's seventh celebrity eliminated a week before BlackpoolAnother Strictly Come Dancing partnership has been shown the door after failing to win the dreaded dance-off, meaning they'll miss out on the series' iconic Blackpool week
Read more »
Dennis Allen: New Orleans Saints sack head coach after seventh straight lossNew Orleans Saints sack head coach Dennis Allen following their seventh consecutive defeat of the season.
Read more »
Stiff Little Fingers announce seventh annual hometown show at CHSqThey will be joined by a host of special guests
Read more »
Chelsea 2-1 Newcastle: Cole Palmer scores seventh goal of seasonCole Palmer scores his seventh goal of the season as Chelsea beat Newcastle to continue their impressive start.
Read more »
Former England wonderkid and Premier League title winner, 31, drops down to seventh tier of English...
Read more »
Lorry hits bridge again - for (at least) the seventh time in five yearsThe road is now blocked between the A52 Wheatcroft Island and Tollerton Lane, Plumtree
Read more »