China overtook the us last month as the largest crude oil importer, it marks the energy flow in the past 10 years of orgasm.
In April, according to Chinese customs data oil imports amounted to 7.4 million barrels per day (the equivalent of one of the world's daily oil consumption 13 points), more than 7.2 million barrels a day in the United States imports.
Expects China's oil imports will continue until the second half of this year more than the United States. In April in spite of this, according to data, the shale revolution has reduced the country's dependence on imported oil, and China's oil demand in the economic slowdown continues unabated.
Blacklight Research, managing partner of Colin Fenton (Colin Fenton), said China's expanded oil inventories rise in imports.
"It has begun," fenton said. "China's imports of crude oil in the past five months in the four months is higher than the trend line."
According to consulting firm Energy Aspects, China's oil imports last month become part of the reason for the increase in the number of imported from Iran.
China united oil co., LTD. (Chinaoil, referred to as "zoomlion oil) also took advantage of a publicly traded window of benchmark oil prices help determine the Middle East, bought a record number of Oman and ABU dhabi crude oil cargo.
"Iran may provide more discount to its oil, as a part of an effort to improve relations with the Chinese oil companies," Energy Aspects of amri tower? Sen (Amrita Sen) said. "Iran is eager to get more Chinese investment."
China's state-run trade business is oil plays a more significant role in the market. They have established a higher level of trade department, with western companies such as British petroleum (BP) and Royal Dutch Shell (Royal Dutch Shell), Banks such as Goldman Sachs (Goldman Sachs), and commodity traders such as Vito (Vitol) and Glencore (Glencore) established trade department direct competition.
In the United States, in the wake of the financial crisis of higher oil prices and a better car inhibit oil consumption of energy efficiency, and the surge of the past three years in shale oil production is to reduce oil imports.
Oil companies dissatisfaction with the us government restrictions on crude oil exports, these restrictions are released during the 1970 s oil crisis.
Traders said that America's oil imports may rebound in the short term, the reason is that the oil price collapse to $65 a barrel to boost fuel demand. Oil prices plunged sharply reduced the drilling of shale region (e.g., North Dakota).
But the long-term trend growing is one of China's oil imports. China is increasing refining capacity, and its overall economic growth of more than 7% per year. "The world has a lot of oil," a Chinese company a trader said. "And we need a lot of oil."
In terms of the United States, and to reduce imports is a target for politicians and foreign policy experts, they will be the U.S. dependence on Middle East oil as a national security risk. Before the financial crisis, was as high as 10 million barrels a day, American oil imports accounted for more than half of the country's oil consumption.