USD 64.2548

-0.11

EUR 70.8473

-0.08

BRENT 58.77

-0.07

AI-92 42.16

+0.05

AI-95 45.93

+0.05

AI-98 51.82

-0.03

Diesel 46.15

+0.11

20

China Consumes More Oil

China's apparent demand for oil climbed 10.8 percent in April

China's apparent demand for oil climbed 10.8 percent in April from a year earlier, the strongest rise since 2004, after a rise in State-set fuel prices encouraged refiners to boost supplies to the domestic market.

The world's second-largest oil consumer used 6.69 million barrels per day (bpd) last month, calculations based on official data showed, despite a fall in crude imports as refiners shunned soaring global markets.

The spring sowing season and a booming economy also pushed up diesel consumption by more than 10 percent, although shortages spreading across the southeast for most of April limited consumption in some areas.