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China data: Jan-Feb apparent oil demand rises 8% to 12.05 mil b/d

China's apparent oil demand in January-February rose 7.7% year on year to12.05 million b/d, according to S&P Global Platts calculations Thursday basedon the latest official data. All key products -- LPG, naphtha, gasoline, jet fuel, gasoil and fuel oil-- registered year-on-year increases ranging from 2.4% to 10.8% inJanuary-February. Beijing does not release official data on oil demand and stocks. Plattscalculates the apparent or implied oil demand by taking into account officialdata on monthly crude throughput at refineries and net product imports. Refinery throughput during the period climbed 7.3% year on year to 11.60million b/d. China's net oil product imports in the first two months averaged 447,000b/d, surging 20% year on year, according to data released by the GeneralAdministration of Customs. Monthly apparent demand figures for January and February are notavailable because the National Bureau of Statistics did not release monthlyoutput data for the individual months. --Oceana Zhou, oceana.zhou@spglobal.com

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--Edited by Irene Tang, newsdesk@spglobal.com