China oil consumption history
China ranks 2nd in the world for oil consumption, accounting for about 13.2% of the world's total consumption of 97,103,871 barrels per day. China consumes 0.38 gallons of oil per capita every day (based on the 2016 population of 1,414,049,351 people), or 139 gallons per capita per year ( 3 barrels). China became dependent on imported oil for the first time in its history in 1993 due to demand rising faster than domestic production. In 2002, annual crude petroleum production was 1,298,000,000 barrels, and annual crude petroleum consumption was 1,670,000,000 barrels. In 2006, it imported 145 million tons of crude oil, accounting for 47% of its total oil consumption. China’s Oil Consumption was reported at 13,524.977 Barrel/Day th in Dec 2018. This records an increase from the previous number of 12,840.346 Barrel/Day th for Dec 2017. China’s Oil Consumption data is updated yearly, averaging 2,597.725 Barrel/Day th from Dec 1965 to 2018, with 54 observations. Drip gases, and liquid hydrocarbons produced from tar sands, oil sands, gilsonite, and oil shale. Liquids produced at natural gas processing plants are excluded. Crude oil is refined to produce a wide array of petroleum products, including heating oils; gasoline, diesel and jet fuels; lubricants; asphalt; ethane, propane, and butane; and many other products used for their energy or chemical content. China Crude Oil Production - values, historical data and charts - was last updated on March of 2020. Crude Oil Production in China averaged 3003.59 BBL/D/1K from 1973 until 2019, reaching an all time high of 4408 BBL/D/1K in June of 2015 and a record low of 1012 BBL/D/1K in February of 1973.
Worldwide oil consumption increased by a cumulative 11.4 percent from 2001 to But economic growth alone does not explain China's rising demand for oil.
3 Feb 2020 As the coronavirus hits China's economy, threatening fuel demand, policymakers are weighing an emergency meeting to discuss cuts to crude In face of high-speed oil consumption, Japan began to implement the strategy of in which China's oil demand is growing rapidly and Chinese oil companies are reached a highest level in history, but the funding for clean energy innovation leader marked a significant watershed in China's history as Mao's successor, Deng Xiao- demands a multidimensional strategy towards crude oil imports. 4 Jan 2019 For the first time in history, Moscow has become the largest or China's oil consumption growth accounted for half of the world's oil China alone accounted for 57% of the global increase in consumption since 2005. The last faster relative to their respective demands than has crude oil.
China alone accounted for 57% of the global increase in consumption since 2005. The last faster relative to their respective demands than has crude oil.
5 Sep 2017 Putting aside the fact that drawing on South Korea's historical oil demand isn't very Figure 4. China's Crude Oil Consumption (in million tons) 1 Mar 2016 Figure 1: Oil Demand Growth in China and India: year-on-year changes Historical data for India shows that crude oil consumption has been 23 Jun 2015 The main drivers are China, India and Japan. China's consumption growth was running at an average of +430 kb/d pa over the last 10 years, but 24 Nov 2015 China has increased oil consumption 6.5 percent per year since 1985. But to put it in a historical context, SIMPLER for you to understand: 29 Apr 2013 Here is a graph of China's oil consumption according to two data Mb/d, vehicle efficiency improvement accelerates slightly over the historical Consumption in OECD countries has likely peaked; the growth in global oil use will be entirely due to China. Oil supply growth will be dominated by OPEC, although non-OPEC supply should continue f A BRIEF HISTORY g. Oil is the
5 Sep 2017 Putting aside the fact that drawing on South Korea's historical oil demand isn't very Figure 4. China's Crude Oil Consumption (in million tons)
17 Oct 2019 In 2018, China's oil consumption reached 628 million tons, and its dependence on imports from foreign countries exceeded 70 percent, while oil
18 Jul 2010 1 Consumer of Power, Reshaping Oil Markets, Diplomacy. By China's growing energy demands will present new challenges to U.S. foreign
The first oil had actually been discovered by the Chinese in 600 B.C. and transported in pipelines made from bamboo. However, Colonel Drake's heralded China Crude Oil Production1973-2019 Data | 2020-2022 Forecast | Historical | Chart. Summary; Forecast; Stats. Crude Oil Production in 15 Nov 2019 Global oil demand in the third quarter of 2019 grew by 1.1 million barrels a day, China was the largest contributor, with demand increasing by OECD oil consumption fell by 590,000 barrels a day year-on-year in August
23 Jun 2015 The main drivers are China, India and Japan. China's consumption growth was running at an average of +430 kb/d pa over the last 10 years, but