China’s Oil Imports Hit 20-Month High as Iran and Russia Flows …
4 days ago · Chinese crude oil imports surged to a seven-month high in March, driven by increased flows of Iranian and Russian crude.
Petroleum industry in China - Wikipedia
The impact of the petroleum industry has been increasing globally as the People's Republic of China ranks seventh for oil production and second in crude oil consumption in the world. [1][2] China became the world's largest oil importer in 2013. [2]
China’s crude oil imports decreased from a record as refinery …
Feb 11, 2025 · China, the world’s largest importer of crude oil, received 11.1 million barrels per day (b/d) in 2024, down from 11.3 million b/d in 2023. Even though total imports decreased about 2%, imports from some countries increased while others decreased.
Sanctioned Russian Oil Exports to China Jump as STS Transfers Rise
1 day ago · China is increasing its imports of Arctic Russian crude oil, facilitated by ship-to-ship (STS) transfers to non-sanctioned vessels off Malaysia and Singapore.
China's Slowing Oil Demand Growth Is Likely to Persist and Could …
Nov 13, 2024 · China’s demand for oil, long an important driver of global oil demand growth, slowed dramatically during January–September 2024. Between 2000 and 2023, China accounted for 50 percent of the growth in world oil demand, averaging an annual increase of 518,000 barrels per day (bpd). [1]
China pivots from U.S. to Canada for more oil amid trade war ...
2 days ago · Chinese refiners are importing record amounts of Canadian crude after slashing purchases of United States oil by roughly 90 per cent amid escalating trade tensions. A pipeline expansion in Western Canada that opened less than a year ago has presented China and other East Asian oil importers with ...
Oil industry in China - statistics & facts | Statista
Jul 12, 2024 · Today, China has the second-largest oil refinery throughput worldwide and is on track to succeed the United States within the next few years. Discover all statistics and data on …
Oil and Gas Industry Takeaways from China’s ‘Two Sessions’
Mar 26, 2025 · China’s oil output subsequently increased back to 4.3 million bpd in 2024. Meanwhile, natural gas production grew from 161 billion cubic meters (bcm) in 2018 to 246 bcm in 2024. More infrastructure is being developed to boost natural gas supply security.
China's 2025 Crude Oil Output to Exceed 200 Million Tons
Jan 23, 2025 · In 2024, China's total oil and gas output exceeded 400 million tons of oil equivalent for the first time, the National Energy Administration (NEA) has revealed. China’s crude production...
China Pivots From US to Canada for More Oil as Trade War Worsens
2 days ago · Chinese refiners are importing record amounts of Canadian crude after slashing purchases of US oil by roughly 90% amid escalating trade tensions.