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This year, China or the United States as the world's largest crude oil importer

This year, China or the United States as the world's largest crude oil importer

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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This year, China or the United States as the world's largest crude oil importer

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

China petrochemical group company's trade business joint petrochemical zhong, deputy general manager of rich good on Thursday (March 31) on a seminar, said China's crude imports this year is expected to reach 7.5 million barrels a day, could surpass the us as the world's largest importer.

'good rich also expect that by 2020, China's crude oil import will hit 9 million barrels a day.

After China, official figures show China's crude oil imports in 2015 grew 8.8%, to 6.68 million barrels a day.

Standard Chartered bank (Standard Chartered) on Friday (March 25) also said in the report, for meet the needs of the refining industry capacity expansion and the national strategic reserves, China's crude imports this year will be on the basis of record levels hit a record high.

This year, the bank expects China's average daily oil imports are expected to increase as much as 600000 barrels of oil. In addition, by late 2018 or early 2019, China's crude imports will break through 10 million barrels of oil.

Standard chartered bank, points out that "with crude oil imports strong growth accompanying, is China's refining capacity continues to expand, and this make the strategic petroleum reserve capacity expansion and at the same time makes the crude oil imports continued to grow."

Research institutions BMI Research on March 9, had pointed out this year, China's crude oil imports by 2020 May from this year's estimated 6.9 million barrels a day to 7.8 million barrels.

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