China to drive world oil demand

AP News
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Posted: Apr 05, 2011 3:18 PM
China to drive world oil demand

China trails only the U.S. in oil consumption and is expected to drive world demand in coming years.

According to the U.S. Energy Information Administration, China's growing energy appetites will account for about 40 percent of increased world demand this year. China will boost oil consumption this year by another 600,000 barrels per day. The U.S. will increase consumption by 130,000 barrels per day.

Here are some other statistics about China's oil supply and demand.

(All units in thousands of barrels of oil per day)

Production: 3,996

Consumption: 8,324

Imports: 4,328

(Source: Energy Information Administration, 2009 statistics)