12 September 2012 10:16 [Source: ICIS news]
SINGAPORE (ICIS)--Oil demand in ?xml:namespace>
On a year-on-year basis, China's oil demand growth is expected at around 4% this year, compared with the close to 6% growth seen in 2011, said Sushant Gupta, head of consultancy firm Wood Mackenzie's Asia Pacific Research team.
Gupta was speaking at the annual Asia Pacific Petroleum Conference (APPEC) in
"We expect oil demand to rebound in 2013 from stronger GDP growth," he said, adding the China's year-on-year oil demand growth next year is expected to rise to close to 6%.
This is still a sharp drop from the year-on-year oil demand growth of 12% in 2010, according to Gupta.
"We don't expect a hard landing in
However, while oil demand growth has slowed down in
Demand growth for gasoline in
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