For a long time, Saudi Arabia is one of the most major U.S. oil origin. But in 2009, the United States from the substantial decrease in Saudi Arabia's oil imports are presented.
In today's China has replaced the United States, as Saudi Arabia's biggest oil exporter. Saudi Arabia's oil exports to China in December to break through the psychologically important 1 million barrels a day, reached a record level of 1.2 million barrels per day. Last year, our country from Saudi Arabia's crude oil imports of 41.86 million tons, the growth rate of 15.1%.
Saudi oil flow to change, it seems that showed the pattern of the international oil market is undergoing a subtle change.
In China from Saudi Arabia's crude oil imports than the psychologically important 1 million barrels per day. At the same time, Saudi Arabia's most important to its traditional oil exporter to the United States, the crude oil exports for the first time in 20 years fall below the level of 1 million barrels a day.
Our country imported crude oil 204 million tons, annual imports 200 million tons of scale for the first time. Among them, the origin, Saudi Arabia is China's largest oil imports 41.86 million tons of imports accounted for about twenty percent of China's overseas imports.
"Oil imports for Saudi Arabia and other Middle East countries, the rapid growth of oil of our country high external dependency is a wake-up call, ensure energy security in our country must change the pattern of economic development as soon as possible, increase energy come from diversified channels."
Saudi oil tanker turn around?
In 2005, the U.S. crude oil imports reached the peak value of more than 10 million barrels a day. But in the past two years, due to reduced demand brought about by the economic recession, crude oil imports presented 9% lower in the United States. At the same time, China's crude oil imports increased by about 14% in 2009, the annual import 200 million tons of scale for the first time.
U.S. crude oil imports from Saudi Arabia cut, does not mean that its influence on the international oil market in subdued. Us by dollar price for oil, than buy oil directly to influence is greater. Saudi Arabia crude oil export increase, to our country is in the hundreds of billions of barrels of oil reserves to find stable markets, China's continued weak demand is the ideal choice.
But it has exposed China's oil security two problems: one is overseas oil dependency is too high, more than half of oil demand is imported from abroad; 2 it is to import a single origin, especially for the Middle East, from the geopolitical risk, transportation demand on the security alert.
Will enter a new round of rising cycle economy in our country, driving up demand for oil growing faster. Oil demand is expected the next five years the average growth of 4.9%, the demand of 2015 reached 530 million tons.
Oil is high in China depend on a lot of risk, a large number of imports will consume large amounts of foreign exchange in our country, and energy security concerns will be long-standing problem. Demand in our country transformation of the mode of development as soon as possible, improve the efficiency of energy use. Especially in the wave after wave of new energy present, our country needs in the new energy technology to complete as soon as possible.