UPDATE 3-China's May oil demand growth quickens to 13.5 pct

Newswire

(Adds comment on second-half slowdown) By Chen Aizhu BEIJING, June 26 (Reuters) - China's oil demand growth accelerated to 13.5 percent in May, nearing the explosive rate of 2004, as refiners boosted output and curbed exports ahead of a domestic price increase to meet peak summer demand. The rebound from last year's tepid 3 percent rise appeared in full swing, but some analysts cautioned that the second half of the year could see a slowdown as Beijing moved to cool down its economy and ...

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