EIA: China is now the world’s largest net importer of petroleum and other liquid fuels
Green Car Congress
MARCH 26, 2014
On the demand side, China’s liquid fuels use is expected to reach more than 11 million barrels per day in 2014, while US demand hovers close to 18.9 In the meantime, Chinese production will increase at a much lower rate (5% over this period) and is forecast to be only one-third of US production in 2014. million barrels per day in 2005.
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