China will become the world's largest oil importer

2022-08-20
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China will become the world's largest oil importer

the United States is the world's largest net oil importer. However, according to the latest prediction of the U.S. Energy Information Administration (EIA), from October this year, China's net oil imports will catch up with the United States and become the world's largest net oil importer. This trend will continue until 2014

according to Agence France Presse reported a few days ago, the energy outlook forecast report released by EIA on September 9 and sent to a single-chip computer for processing pointed out that China's net oil import in October this year may again exceed that of the United States, and the net oil import in 2014 will also exceed that of the United States, ranking first in the world

the main reasons include: on the one hand, the oil demand of the United States, the world's largest oil consumer, is stable, and the domestic shale oil production is increasing day by day. On the other hand, China, the second largest oil consumer in the world, has witnessed rapid economic development and soaring oil consumption. Statistics on the 8th showed that China's crude oil imports hit a record high in July, an increase of 20% compared with the same period last year

in the United States, the EIA predicts that the domestic crude oil production in October will exceed the crude oil import volume for the first time since February 1995. According to the report, shale oil and gas production in the United States will increase by 14% this year to 7.4 million barrels per day, the highest since 1991. It is expected that the oil production will increase by 11.4% in 2014, and the price will rise to 8.24 million barrels per day, a new high since 1987

in China, the EIA report predicts that the oil demand in October will exceed 11million barrels per day for the first time, with a year-on-year increase of 2%. The gap of nearly 140000 barrels/day needs to be filled by imports. In 2014, China's net oil imports will increase to 6.57 million barrels per day, an increase of 6.1% year-on-year. China's daily oil import volume will be 1million barrels (about 18%) higher than that of the United States

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