UPDATE 3-China's July oil demand up, but power undermines

Newswire

(Adds details, quote) By Emma Graham-Harrison BEIJING, Aug 25 (Reuters) - China's apparent oil demand climbed 3.0 percent in July, the highest rate in four months but still well below full-year forecasts after surprisingly strong summer power output curbed the need for oil-fuelled generators. Net imports of products slipped as domestic refineries, constrained by retail price caps on diesel and gasoline that prevent them passing global price rises on to consumers, cut overseas buying ...

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