Search This Blog

Thursday, October 10, 2013

China passing US as biggest oil importer

China has achieved another world-beating status its leaders don't want: Biggest oil importer.

China passed the United States in September as the world's biggest net oil importer, driven by faster economic growth and strong auto sales, according to U.S. government data released this week.

Chinese oil consumption outstripped production by 6.3 million barrels per day, which indicates the country had to import that much to fill the gap, the Energy Information Administration said this week.

No comments:

Post a Comment