It can be seen that China's crude oil consumption in the world after the United States, China's crude oil production can not meet demand, this is due to China's oil resources to take over lack of restricted production, on the other hand, due to technical factors. ...
BEIJING, March 2 (Xinhua) -- China's annual oil refining capacity rose to 936 million tonnes in 2023, ranking first in the world, a report said. China's oil consumption was about 756 million tonnes last year, and its crude oil processing was 738 million tonnes, both reaching record highs...
Oil consumption in China – the world’s largest importer of crude oil and the second-biggest oil consumer after the United States – is set to peak at around 16 million barrels per day (bpd) in the period 2026 through 2030, according to Sinopec’s outlook to 2060 cited by Reuters....
“India has emerged as the leading source of growth in global oil consumption in 2024 and 2025, overtaking China this year, according to our December Short-Term Energy Outlook (STEO),” the US government agency said. China’s oil consumption grew...
The Asia-Pacific region has surpassed America and Europe in crude consumption. China is the world's second-largest oil consumer after the United States. The country imported 420 million tonnes of crude oil in 2017, ranking first in the world. ...
China is one of the world's largest oil buyers, with over 60 percent of its oil consumption coming from imports. The country imported 42.6 million tons of crude oil in January, up 5.1 percent from the same period last year, according to the General Administration of Customs. ...
Therefore, China’s crude oil import volume in 2021 dropped on a year-on-year basis. But China’s crude oil import dependence degree remains over 70%. China is the world’s second largest crude oil consumption country and the largest crude oil importer. Therefore, China has high requirements...
China is one of the world's largest oil buyers, with over 60 percent of its oil consumption coming from imports. The country imported 38.4 million tonnes of crude oil in August, up 12.9 percent from the same period last year. Meanwhile, natural gas output reached 12.9 billion cubic meters,...
For the January-October period, consumption of refined oil stood at 256 million tonnes, rising 6.8 percent year on year. China is one of the world's largest oil buyers, with over 60 percent of its oil consumption coming from imports. China imported 349 million tonnes of crude oil in the ...
Yang Xiaoping, president of BP China, said China's crude oil futures offer companies in the real economy a hedging tool that can better reflect market conditions in Asia. The Asia-Pacific region has surpassed America and Europe in crude consumption. China is the world's second-largest oil con...