China Q2 GDP grows 6.3 yy vs analysts39; forecast of 7.3
China June crude throughput up from May
Two of three Libyan fields resume output during weekend
Russian oil exports from western ports to fall sources

July 17 Reuters Oil prices extended their decline into a second session on Monday after China39;s secondquarter growth came in weaker than expected, fuelling concern about demand in the world39;s No. 2 oil consumer, while Libya resumed production on the weekend.

Brent crude futures fell 91 cents, or 1.1, to 78.96 a barrel by 0628 GMT, and U.S. West Texas Intermediate crude was at 74.55 a barrel, down 87 cents, also down 1.1.

China39;s gross domestic product grew 6.3 year on year in the second quarter, data released by the National Bureau of Statistics showed, compared with analysts39; forecast for growth of 7.3, with its postpandemic recovery faltering rapidly due to weakening demand at home and abroad.

The GDP came in below expectations, so will do little to ease concerns over the Chinese economy, said Warren Patterson, ING39;s head of commodities research.

Chinese refineries processed 1.6 more crude daily in June than May as they ramped up operations after spring maintenance, NBS data also showed, in line with strong imports by the world39;s top crude importer last month.

Apparent oil demand grew at a strong pace year on year, but the market seems focused on the headline GDP numbers, Patterson said.

Beijing is likely to be cautious in timing any new…