China oil consumption by year

Menu. That implies the growth of China’s demand for crude oil to meet its domestic consumption of oil products will slow to 2% a year by 2020. China says consumption growth likely to slow further this year China's rich consumers' appetite for luxury products will remain robust this year, with strong growth in purchasing power among the younger generations. Overall consumption of electricity from all sources rose by 5 percent, it said. 8 million barrels per day (mb/d). Scaling up Virgin Islands has had the highest oil > consumption > per capita since 2001. 6 million square kilometers equal to the whole Europe and most of important, over 1. 8% a year. 2 2 millionmillion bbl/dbbl/d. 8 mb/d over the same period. 7% of the world’s total oil consumption making it the second biggest oil consumer after the US. Report submitted to the Australian Government Department of Agriculture, Fisheries China's natural gas consumption to rise 10 pct on yr in 2018 - CNPC research CNPC also forecast in its annual outlook that China's total natural gas imports will grow by 13. Exclusive content With Statista you Statistics and map about the petroleum consumption of the world. 56 1971 0. 3. , China, Brazil. 5m answer views. Consumption of renewable sources accounted for 19. 41 million mt in August, latest data released by the National Development and Reform Commission showed. 80M, up from 12. Virgin Islands has had the highest oil > consumption > per capita since 2001. 2 million b/d. S. 21tn cubic metres last year, while production fell by 2. 84 m bbl: 0. olive oil consumption grew by 50 percent in China, 47 percent in Russia, 35 percent in Japan, 23 percent in Canada and 20 percent in Brazil last year. 6 million barrels per day. Geographically, consumption should remain less . 8% from the previous year. 670 Barrel/Day th This is a list of countries by oil consumption. 9 percent last year to 215 million tonnes, the China Petroleum and Chemical Association said Tuesday. Extrapolating China's Oil Consumption. 6 Toe estimated in 2009. Browse by Country or Indicator. The China’s 12th Five Year Plan set an ambitious goal, for which the adjustment of energy consumption structure should make significant progress during the 2011–2015 period. e. 97 million mt, with consumption of gasoline rising 6. China consumed 325. 670 Barrel/Day th 14 Jun 2018 China Oil Consumption historical data, charts, stats and more. 4 percent. China Crude Oil: Imports. 68 million bpd India likely to outpace China in oil consumption growth. 7 million barrels per day (b/d), above its 10-year average of 1. She finds that increased oil imports by China in China's coal consumption dropped in 2016 for a third year in a row, official data showed Tuesday, as the world's top consumer and producer of the fossil fuel continued tightening environmental Oil consumption and import In 2010, China consumed an 99. Oil consumption in India is likely to increase by 7-8% this year, overtaking the demand growth in China for the third year in a row, as the demonetisation impact is expected to …Annual per Capita Increases in World Energy Consumption Figure 10 (below) shows world per capita energy consumption on a year-by-year basis, similar to Figure 7. 112 of the top 208 countries by oil > consumption are Hot countries. but China’s share of global oil consumption is about revenue of about US$91 million per year in 2014 • Proven oil reserves stood at 1. , and the consumption of vegetables oils is increasing year by year. It is predicted that China’s consumption of crude oil by the year 2020 will be 12 million barrels a day, and by 2030, 80 percent of China’s crude oil supply will be imported. Greenpeace calculates that they grew by around 3% last year, the largest increase since 2013. Forecasting China’s Role in World Oil Demand. , production plus imports). Oil consumption in China is a big unknown and can be much higher than is estimated by the Organization of Petroleum Exporting Countries (OPEC) or the EIA. Search form. Oil remains the driving force of war, proving itself a vital component to waging a prolonged conflict. Energy use (kg of oil equivalent per capita) Close. 52 of the top 100 countries by oil > consumption are Christian. 4 percent. To analyze China’s policy in the Persian Gulf, I start with an examination of China’s production and consumption of energy and the prospects for its future imports of crude oil and natural gas. 2% for the third consecutive year. 8 percent Oil consumption analysts rely on limited official Chinese data. , coal, oil, gas, nuclear and renewables, which are mainly used in the four sectors, i. 48, but the that China's crude oil imports rose 15. Depending upon the characteristics of the crude stream, it may also include 1. Total population (millions) GNI, PPP (current international $) (millions) China Surpasses U. Between 2005 and 2015, China’s oil consumption increased by 4. Imported Edible Oil. China Oil Consumption is at a current level of 12. China continues to gobble up the world’s commodities, setting new records for consumption of everything from crude oil to soybeans. Oil consumption for passenger vehicles in China is projected to decline post-2030. 136 tons of oil. 19 of the top 33 countries by oil > consumption > per capita are Christian. It China’s coal use declined 3. China's consumption of refined oil saw stable growth in 2018, data shows. 8% on year at 213. 6% last year to 276. This …China’s implied oil demand growth eased to 2. 8 per cent of total consumption. Report submitted to the Australian Government Department of Agriculture, Fisheries Table 4. 7k answers and 6. GovernmentMoreover, imports from Russia, which passed Saudi Arabia as China's largest source of foreign crude oil in 2016, totaled 1. New data suggests China’s coal consumption is falling faster than expected and oil consumption is rising more slowly than previously thought. The population problem Population Energy Consumption. runs a trade surplus — China accounted for 60% of its total soybean exports in the 2016-17 crop year Global oil prices and the impact of China. 分享 Social. Keeping with the theme of China funds being among this year’s best-performing ETFs, is decreasing its dependence on oil revenue. 8 million barrels daily. Select a country, sector or product to view key data--OR----OR--For more information and additional tables, see our . China's unconventional oil: A review of its resources and outlook for long Coal consumption peaked in China in 2013 at 4. China’s 2017 Coal Consumption Rises After Three-year Decline up 10. Each year, India consumes over 10 million tonnes of edible oils. 9% and gasoil rising 3. 5 percent and 68. 14 million mt of oil products in 2018, up 6% year on year, the National Development and Reform Commission said on its website Thursday. It was only in the last decade when production goods of many sorts started shifting to Asia and living standards in Asia starting rising that world energy consumption per capita has again begun increasing. China's overall vehicle sales in July rose by 4% YOY, with total sales China Oil Consumption is at a current level of 12. Crude Oil Barrel China per capita Compared to Europe BEIJING, Feb. China and India are expected to drive non-OECD oil demand growth in 2018. 2 million trucks and buses sold only 120 thousand were electric. "The government's effort at building a resource- and energy-saving To put the 2012 increase in perspective, global oil consumption last year only increased by 49 million tons of oil. 3% on year at 269. Search this site . S. 4 %. Electric energy: Consumption, Exports, Imports, ProductionRenewable energy: Hydroelectricity, Wind, Solar, GeothermalNon-renewable energy: Petroleum, Proven reserves, Production, Consumption, Exports, Imports, All, Natural gas, Proven reserves, Production, Consumption, Exports, Imports, Recoverable shale gas, Coal, Proven reserves, Production, Exports, Imports, Uranium, Proven reserves, Production, Generation, AllTotal energy: Consumption and production, per capita, Intensity, Summary of top fossil fuel exportersRANKCOUNTRY/REGIONOIL CONSUMPTION (BBL/DAY)YEAR209Saint Helena1002011 est. Consumption of crude oil increased by 5. 1% The 10-year average growth stands at 1. 9 percent annually and 3. 6 percent, or 1. 3bn tonnes in 2015. 3, India Chart and table showing yearly consumption of crude oil by country (China). As the consumption of edible oil increases year by year, the self-sufficiency rate is relatively low. China Surpasses U. 6 percent growth in consumption this year. China's Oil Demand Is Growing At More Than Double Last Year's Pace which were around 17% higher than one year ago. July 12 (Reuters) - China’s energy consumption will peak by 2035 and its oil demand growth will slow to 2 percent per year by then, from about 4. Last August, oil cartel OPEC projected India's oil demand to rise by 5. 3, India China's Oil Consumption was reported at 12798. 3% year-on-year. Rank, Country/Region, Oil consumption (bbl/ day), Year 2, China, 7007132260000000000♤13,226,000, 2017. Consumption of refined petroleum products by the countries of the world refinery gains, and other complicating factors. 76% from one year ago. China's Demand for Oil Is Totally Misunderstood by the Market Jefferies: China's Demand for Oil Is Totally Misunderstood by the Market…China Oil Consumption is at a current level of 595. If there is a serious trade disagreement between the U. The head of BP’s trading arm in Asia said global oil consumption led by China is helping to reduce excess crude stockpiles and alleviate pressure on a market now into its third year of a Energy consumption in China The most important measure in the energy balance of China is the total consumption of . DataBank Microdata Data Catalog. In February 2017, China was the largest buyer of U. of electric energy per year. over the projection period. China's Private Consumption accounted for 39. WALSH. 1. The Kuwaiti government, through state-owned oil compangy Kuwait Petroleum Corporation (KPC), has outlined plans to boost the country's gas production capacity from the current 1. China’s average growth in oil consumption over the time period 2000 to 2006 was estimated to be approximately 8 percent per year, up from 6 percent per year from 1996 to 2000. For the 2017/18 olive oil production season, the IOC predicts that consumption will rebound, increasing by five percent. . Consumption growth in China is "very likely" to slow further this year as the economy cools, the commerce ministry said on Tuesday, underlining the rising risks facing the Asian giant as it navigates a trade war with the United States. Asian countries, which accounted for most of the global increase, posted a steady growth in oil consumption, especially in China, India (above 5% in both countries), Indonesia, Thailand and South Korea. 4 percent in 2017 from a year earlier, marking the first annual increase since 2013. Figure 10. The total output of oil crops ranks first in the world, but it still cannot keep up with the rapid growth of oil crops and edible oil consumption. . The expansion of oil palm plantations in Southeast Asia and the aggressive development of soybean acreage in China’s overall energy consumption will be capped at 5bn tonnes/year of standard coal in 2020, up from 4. Scaling up the savings of diesel fuel from Shenzhen’s 16,000 electric buses to China’s Exxon cut its forecast for annual energy-demand growth in China by almost a 10th to 2. 68 million bpd Global consumption rose from 14. com/sites/rrapier/2017/09/18/chinas-oil-demand9/18/2017 · China's Oil Demand Is Growing At More Than Double Last Year's Pace which were around 17% higher than one year ago. But this is also the moment when China’s growth levels off, with India projected to become the main contributor to global oil consumption growth post-2025. Around 325 million tonnes of refined oil was consumed in the country last year, up 6 percent In 2016 the world consumed 97 million barrels of oil per day, or 35,000 million barrels of oil per year. , China and India is a major factor in driving oil consumption. China 's oil consumption and dependence on imports decreased last year as a result of the government's energy-saving efforts. " National Research Council and National Academy of Engineering. Gibraltar has ranked in the top 2 for oil > consumption > per capita since 2003. In China, rapeseed oil consumption expanded at an average annual rate of 4. 3% vs. In 2005 China began to take drastic measures with its internal oil reserve programs as domestic oil production in China supplied only two thirds of the its needs and the estimated consumption requirement by 2020 was about 600 million tons of crude oil. 6 million barrels a year as of 2008, or around The current decline in world oil consumption reached its nadir during the first quarter of 2009, when world oil consumption declined by about 3. CSV XML EXCEL. The following is But oil consumption has held up so far. China's oil demand will surprise again in 2019, but Sep 20, 2018 Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) - more than twice what it was 50 years ago unit of China National Petroleum Corp predicts China's oil demand will top out China's oil demand is becoming increasingly consumer-driven. Data released over the past week offers the first glimpse of China’s full-year energy and emissions picture for 2017. 30 1969 0. ” Olive oil imports are expected to continue to grow in China as well. After three years of decline, Chinese coal demand recovered modestly – up 3. 1 mb/d this year, unchanged from prior estimates even though it has lowered its pricing forecast. China's Oil Consumption was reported at 12798. Despite the slowdown in the rate of growth from the previous year, this represented a 3. 52 of the top 100 countries by oil > consumption are Christian. 13 million mt in October, latest data released by the National Development and Reform Commission showed. 6 percent, or 1. The price of Brent crude oil roughly halved in the second six months of last year. and China, the Chinese consumption of energy will be impacted negatively, from our point of view and the ability to produce and export While much has been made of a slowdown in China, oil demand there still increased by 390,000 bpd (following a 500,000 bpd increase from 2011-2012). 9 percent in 2015, to become the world’s third-largest oil consumer. Clearly, our simulation shows that the ‘China factor’ has a substantial impact on oil prices and the impact will gets increasingly more substantial as size of the Chinese economy increases. Over the past decade it has accounted for 60% of the world’s growth in oil consumption, helping to push up prices until they collapsed in 2014. 7 percent this year and by 0. Rank, Country/Region, Oil consumption (bbl/day), Year 2, China, 7007132260000000000♤13,226,000, 2017. 1 percent in 2015 and 3. 2 percent, and natural gas rose 14. 8 percent on year at 213. The main consumers of palm oil are China…Global oil consumption grew above the 10-year average rate for a second consecutive year in 2016, rising by 1. 9 of the top 17 countries by oil > consumption are High income OECD. Thus coal continues to be the fastest growing fossil fuel. 5% per year, seven times faster than the U. Natural gas is China’s fastest growing major fuel, with demand quadrupling in the past decade. the effect of crude oil consumption in China on world oil prices. China’s oil consumption has more than doubled since 2000 and the consumption in 2012 increased by five percent compared to the previous year. Over all, world consumption rose 1. China’s consumption of oil products rose 4. This is a list of countries by oil consumption. It is predicted that China’s consumption of crude oil by the year 2020 will be 12 million barrels a day, and by 2030, 80 percent of China’s crude oil supply will be imported. 4 percent this year to a record of almost 12 million barrels per day (bpd), the country's top state-owned oil producer forecast on Thursday, as refiners in BEIJING -- China's oil product consumption rose 11. 6 million tons in 1995 to 61. To put this in perspective, world oil consumption grew by 9. Its oil consumption grows by 7. This records an increase from the previous number of 12301. Energy Information Administration - EIA - Independent Statistics and Analysis China’s oil product consumption increased by 5. 3mbd in 2012, accounting for about 11. 19M, up from 96. 40 1970 0. 569 Barrel/Day th from Dec 1965 to 2017, with 53 observations. This is a change of 1. China is the largest producer and consumer of coal in the world and is the largest user of coal-derived electricity. 2% Year over Year in May but does not give official data on the country's actual oil consumption figure and oil stockpiles. 00 billion kWh. a near four-year low. 6 billion cubic meters (9. 8 percent growth last year, the country's top energy group forecast on Tuesday. Over January-October, China's oil product consumption was up 5. This page provides the latest reported value for - China Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Of the 4. Clean energy, which in China includes natural gas alongside hydro, solar and wind, accounted for 22. , transport, industry, building and others (Bilgen 2014). China’s Oil Consumption data is updated yearly, averaging 2,490. China’s consumption soared by 11 percent in 2004, cementing its position as the world’s number two user at 6. 7% in 2015, according to official statistics released by the Chinese government today. Figures from the China’s oil consumption stood at 10. This is the second year running that the consumption of China’s most polluting fuel has declined. Xem tất cả 212 dòng trên en. 95 million tons in 2015 ! The consumption will be more than 10. 0 million bpd. Over January-October, China's oil product consumption was up 5. 3 per cent to 212. Overall, we see that global consumption of fossil energy has increased more than 1300-fold. Detailed tables, charts and technical notes: Key Indicators. china oil consumption by yearThis is a list of countries by oil consumption. In BEIJING -- China's oil product consumption rose 11. 5 million barrels per day (bbl/d) year-over-year While China is taking steps toward encouraging greater levels of investment and competition in the exploration and production sector, the Five-Year Energy plan released by the Chinese National Development and Reform Commission (NDRC) in January of this year set oil production for 2020 at approximately the same levels reached in 2016. 07 million barrels a day (mbd) compared with the same period last year. Oil consumption is used in conjunction with oil production and China. 9 million mt over January-August, with consumption of gasoline rising 6. 8% (from 4. 2% for the third consecutive year. China Quarterly GDP Growth China consumed 325. 87 tons of oil equivalent (Toe) per person in 2000, to 1. China's energy consumption growth rate doubled vs 2016. The projection comes as …Over January-October, China's oil product consumption was up 5. An employee fills a vehicle at a gas This statistic represents China's oil consumption between 1990 and 2017. 3% on year at 269. Around 325 million tonnes of refined oil was consumed in the country last year, up 6 percent from the previous year, according to the data given by the National Development and Reform Commission (NDRC). Food Consumption Trends in China April 2012 . 5%, …Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last year. 1 percent in 2015 and 3. 5 per cent, making it the third-largest oil consuming nation in the world after overtaking Japan in the previous year, accounting for nearly 4. 2pc from 2007-2017. Jul 19, 2018 HAIKOU, CHINA - FEBRUARY 19: Vehicles jammed at a port in Haikou, Following several years of softening demand in the early 1980's, oil Dec 10, 2018 China's November oil imports hit a record high of 10. Population and Energy Consumption. 5 percent in 2016, down from 3. 7 million tonnes in 2016 compared with global growth of 1. Prepared by Zhangyue Zhou, Weiming Tian, Jimin Wang, Hongbo Liu and Lijuan Cao. 7 percent from the year before. 8%, or 1. 9 bcf/d (19. 7 percent year-on-year to record high of 15 Jul 2018 Oil demand growth in the world's biggest oil importer—China—is at risk of With higher oil prices this year and the hefty taxes they now can't 14 Aug 2018 Despite oil demand rising 5. Energy consumption in China 5,564. Crude Oil Definition: A mixture of hydrocarbons that exists in liquid phase in natural underground reservoirs and remains liquid at atmospheric pressure after passing through surface separating facilities. 8 8 millionmillion bbl/bbl/d in 2010, while US imports 99. 1%, NDRC said, …China 's oil consumption and dependence on imports decreased last year as a result of the government's energy-saving efforts. -China trade talks . 28 1967 0. Most of the rest of the world has not seen the consumption boom that was experienced by the Middle East and Asia & Oceania. 73% from one year ago. The importance of China for oil prices. In China, vegetable oil production continues to rely on both domestically grown and imported seed. The consumption growth in 2018 was mainly In contrast to declining domestic production, EIA estimates that growth in China's consumption of petroleum and other liquid fuels in 2017 was the world’s largest for the ninth consecutive year, growing 0. Saudi King Abdullah (L) is greeted by Chinese President Hu Jintao Suggested Citation:"Emerging Air Pollution Trends in China Motor Vehicle Pollution and Fuel Consumption in China--MICHAEL P. 4 % in the previous year. India's oil consumption grew 8. The total worldwide oil consumption was 93 million barrels per day (bbl/day) on average in 2015 according to the International Energy Agency (IEA). China's Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1952 to Dec 2017, with an average share of 49. 003 bbl: 0. Over a decade, the revision amounts to more than Brazil's current annual oil consumption. 30M one year ago. but consumption and non-traditional exports, which Figure 1: Oil Demand Growth in China and India: year-on-year changes (kb/d) Source: Energy Aspects. 28 1968 0. 5 times the global increase of 1. 1%, NDRC said, …“Spain still dominates, by far, the olive oil market,” Erbeyli said. China, too, will keep rigs drilling across the globe. 1 barrels per day (bbl/day) per 1,000 people 1 barrel = (42 US gallons, 158. Crude oil use in China, the world's biggest importer, in the first two months of 2019 rose 6. China has increased oil consumption 6. 4% last year, a slight uptick from the year before but in line with the dramatic slowdown since 2013. gov BETA - Data - U. 77 trillion cubic feet), a new report shows, with imported gas making up the lion’s share of growth as demand races ahead of domestic production. China is of primary importance in determining the path of global oil demand. 5 percent of global oil consumption. 6 billion cubic meters (9. 2% a year through 2025. 9% and gasoil rising 3. This chart shows current oil consumption (per capita) in the world. b Foreign currency per U. China's overall vehicle sales in July rose by 4% YOY, with total sales Over January-October, China's oil product consumption was up 5. 1%, NDRC said, without providing a breakdown of volumes. China’s growing economy and rising incomes led to a 440% increase in per capita vegetable oil consumption in China between 1979 oils is increasing year by year By 2030, continued increases in demand for transport fuels means that China becomes the world’s largest oil consumer, taking over from the United States. Despite China's slower oil consumption growth in the past few years, EIA projects China will account for more than one­fourth of the global oil consumption growth in 2015. In the U. This is a change of 4. The patterns of Soviet oil extraction have left an indelible mark on China’s oil rich western province, writes Judd C. China (500,000 b/d) and the US (190,000 b/d) were the single largest contributors to growth. Exclusive content. Current Oil Consumption in the World: 31. Andrew Walker looks at China's slowdown and the impact of the drop in the oil price across the world. Kinzley. 7% last year, helped by a gradual de-coupling of economic growth from energy consumption (Image: Qiu Bo/Greenpeace) New research reveals that China burned 4. Sign the Sustainable Population Pledge today! View the very best short video about overpopulation: Global consumption rose from 14. Soybean oil consumption is also interesting, says Baize. 9873 liters and 0. 6 bcm/year) to 3. Kenneth Rapoza According to the report, China will spend $500 billion a year on crude oil imports by 2020. Energy Information Administration - EIA - Official Energy Statistics from the U. China’s oil consumption stood at 10. This is the highest in the world So far, China's National Bureau of Statistics (NBS) has said only that coal consumption rose 0. a Weighted by oil consumption. It Electric power consumption (kWh per capita) Close. India is soon likely to overtake Japan as the second-largest oil consuming economy in Asia (seeHighways’ share of passenger turnover fell to 27 percent last year from 55 percent in 2012. 5 percent in 2016, down from 3. 3 percent this year to surpass 11 million barrels per day, compared to 4. 1 percent from a year earlier to a record 12. What is the total energy consumption of China? Update Cancel. Gasoline . 5 bcf/d (around 36 bcm/year) by 2031-2032. 207Falkland Islands3002011 est. 9%. 7 percent year-on-year to record high of Jul 15, 2018 Oil demand growth in the world's biggest oil importer—China—is at risk of With higher oil prices this year and the hefty taxes they now can't Dec 11, 2018 This is part of the reason why the global oil market is so weak as the year comes to an end. 1 1 Historical Oil Consumption by Region, 1965 to Present China, India, Indonesia, Malaysia, Thailand, Vietnam and Other Asia Pacific. 19 Jul 2018 HAIKOU, CHINA - FEBRUARY 19: Vehicles jammed at a port in Haikou, Following several years of softening demand in the early 1980's, oil 10 Dec 2018 China's November oil imports hit a record high of 10. the other 60 percent of China’s oil consumption is used in In the same year, China imported crude oil reached almost 5 million The visualisation shows the global consumption of fossil fuels - coal, oil and gas - from 1800 onwards. dollar Oil Market Report: Supply cushion insures against losses. 6%. Fact - CA Oil Consumption is 23% of China's. China's oil 212 hàng · Daily oil consumption by region from 1980 to 2006. China’s electric buses will displace 0. The development of oil crops production in China is relatively stable. 9723 Imperial (UK) gallons) China's world-leading coal consumption fell for the third straight year in 2016, government data showed Tuesday, as the planet's biggest carbon emitter struggles to break its addiction to the trend in edible oil consumption and the prospects for the Indian edible oil market in the coming years. 8% on year at 213. China’s natural gas consumption ballooned by 16. 1% in 2016) Global energy consumption was spurred by the rebound in China, the world’s largest energy consumer since 2009, triggered by the sustained economic growth. In 2020, the impact is expected to account for some 1. China’s implied oil demand growth eased to 2. 8% in the first half of 2018 to 9. But, if you look a little closer, the dynamic of oil demand in China is actually changing dramatically. China’s consumption of oil products rose 5. 571 Barrel/Day th in Dec 2017. In 2016, petroleum products use growth slowed to 2. 1% of the world's total energy consumption, is already a significant player in the global energy market. This is followed by an examination of China’s relationships with the states of the region. questions [10] and for energy consumption structure adjustment [11]. 6% and natural gas by nearly 16% as Beijing stepped up its air pollution control efforts. 6% of the oil price or maybe higher. And what do we know about the Chinese strategic reserves? The year 2017 highlighted some changes on the global oil market. Crude Oil Barrel China per capita Compared to Europe per capita; Production: 3. 7 percent compared to a year ago. In a year of flux marked by industrial capacity cuts World Oil Consumption is at a current level of 98. 8 per cent of total consumption. 9 million barrels; China's oil consumption grew by 390,000 barrels a day, to 10. 3 million barrels per day in 2009. Consequently, China imported oil to compensate for the supply reduction and surpassed the China's oil consumption growth accounted for about 43% of the world's oil consumption growth in 2014. 33 trillion barrels last year, an increase of 700,000m barrels from 2008 • Gas reserves grew by 2. While much has been made of a slowdown in China, oil demand there still increased by 390,000 bpd (following a 500,000 bpd increase from 2011-2012). 6% last year to 276. 6 million barrels per day, BP’s latest Statistical Review of World In contrast to declining domestic production, EIA estimates that growth in China’s consumption of petroleum and other liquid fuels in 2017 was the world’s largest for the ninth consecutive year, growing 0. 6 China's imports of crude oil of 91. 571 Barrel/Day th in Dec 2017. Particularly since I think we are going to have a 5, maybe 10 year plateau on production, followed by a decline. China's oil consumption grew 12. If it were to hit that level of consumption immediately, “almost the entire expected corn output of Brazil and Argentina in 2014” would be required to feed the animals. Last updated: 9 years ago. 670 Barrel/Day th for Dec 2016. 8 million Despite the fact that olive oil accounted for only 1% of China’s total edible oil consumption in 2013, the country’s olive oil imports remained strong and hit 43,400 metric tons in 2013, an increase of 5. 4,530,800 In 2017, oil consumption in China amounted to around 12. 3 per cent to 212. 9/29/2015 · The Year Ahead: 2018; The Bloomberg 50; Watch. 30M one year Chart and table showing yearly consumption of crude oil by country (China). In that period, there wasn't one year that global demand didn't grow. 5 percent, NDRC said, without providing a breakdown of volumes. In China, the primary energy consumption includes five types, i. Going forward, China plans to introduce tougher air-quality targets to Statistics and map about the petroleum consumption of the Petroleum Consumption - world statistics and charts as to 158. 02M one year ago. "The government's effort at building a resource- …China's consumption of refined oil saw stable growth in 2018, data shows. Energy Information Administration EIA latest data show 682. 7 In 2002, China signed a 25-year contract to import annually The oilseed, also used to make cooking oil and products like tofu and soy sauce, has found itself on the front line of the escalating trade dispute between the world’s two largest economies as it is one of the few areas where the U. as Largest Crude Oil Importer an average of 56 percent of China's crude oil imports came from countries within OPEC. Going forward, China plans to introduce tougher air-quality targets to India's oil consumption grew 8. 7 percent growth in the same period last year Figure 1: Oil Demand Growth in China and India: year-on-year changes (kb/d) Source: Energy Aspects. China's oil consumption growth accounted for about 43% of the world's oil consumption growth in 2014. Food Consumption Trends in China April 2012 . 5 percent and 68. Oil consumption and import In 2010, China consumed an 99. World Energy Outlook 2017: China. 206Sao Tome and Principe9042011 est. as Largest Crude Oil Importer an average of 56 percent of China's crude oil imports came from countries within OPEC. 9% year on year to 28. The global increase in coal consumption rests squarely with China. crude oil, purchasing 9,575 barrels —almost 5 times more than it purchased from the United States in January. 5 fell year-on-year in 71 of the 74 cities monitored. forbes. 2 2 millionmillion bbl/dbbl/d. 8% year over year in March according to Platts. China is expected to reach its 13 th Five Year Plan goal of reducing coal to under 58% of total energy consumption in 2020. 9 million barrels a day. 49M one year ago. 5%, NDRC said, without providing a breakdown of volumes. At the China increased its oil consumption by 6. Responding to this falling demand, global oil production fell 2. 9 percent last year to 215 million tonnes, the China Petroleum and Chemical Association said Tuesday. 6 million tons in 1995 to 61. 7 million barrels per day (b/d), above its 10-year average of 1. Energy Information Administration provides data for China from 1980 to 2014. When meal is produced, the oil is left over. the lower its consumption the better. 8 percent consumption increase for China, 2. 9 million mt over January-August, with consumption of gasoline rising 6. 800 Barrel/Day th from Dec 2007 to 2017, with 11 observations. China’s oil imports increased to 70 million tonnes in 2000, accounting for 30% of the total consumption and the crucial reason for this increase is the soaring increased transport, especially the sharp increase in motor vehicles that in turn China's oil consumption and dependence on imports decreased last year as a result of the government's energy-saving efforts. Oil imports for the first quarter were 15 percent higher than a year earlier—a trend that is expected to continue. 87 tons of oil equivalent (Toe) per person in 2000, to 1. 5 percent and natural gas by 8 percent, the bureau said. 208Kiribati3002011 est. Global vegetable oil consumption is expected to grow by about 2% per year, less than half the rate observed in the last decade. By 2040, electricity becomes the leading source of final energy consumption in China, overtaking coal in the late 2020s, and oil shortly thereafter. 3, India China: Oil consumption, thousand barrels per day: For that indicator, The U. Dashboards. Global oil consumption growth averaged 1. 8 percent consumption increase for China, 2. 5 percent per year since 1985. 1% of total energy consumption, up by 1. Government Eia. a high growth scenario of of oil equivalent per year) 16,813 5:7 23,448 Energy Per Capita: (barrels of oil equivalent per person per year) 51. 87 1973 1. China Inflation Rate Lowest in a Year. Global Olive Oil Consumption Forecast to Climb, Led by U. China and the United States were the main engines driving fossil fuel markets in 2004, accounting between them for nearly half the increase in world oil demand. The consumption …The development of oil crops production in China is relatively stable. China consumes 3101 Mtoe of energy in a year (2015). 5 times the global increase of 1. 04% from one year ago. National Research Council and National Academy of Engineering. [1] [2] The total worldwide oil consumption was 93 million barrels per day (bbl/day) on average in 2015 according to the International Energy Agency (IEA). Year by year per capita energy consumption, based on BP statistical data, converted to joules. 1 US barrel corresponds to 158. This is a change of 3. This chart dates only from 1992, the first year after the break up of the Soviet Union. China’s average growth in oil consumption over the time period 2000 to 2006 was estimated to be approximately 8 percent per year, up from 6 percent per year from 1996 to 2000. For the purposes of the GFP ranking, oil consumption is applied as a penalty to each nation, the lower its consumption the better. e. 6% higher oil than the corresponding month of last year, but a continuing decline from June's all-time peak. A Trilateral Dialogue on the United States, Africa and China . Country China. orgChina's Oil Demand Is Growing At More Than Double Last https://www. This is the highest in the world. Platts Report: China China’s coal use declined 3. the energy equivalent of half a liter of oil is India's oil consumption grows at fastest pace in 14 months The growth in demand came over a low base as in January last year the nation’s oil consumption fell the most in 13 years following the government’s crackdown on high-value currency notes. 3 percent currently, state-owned flagship company Consumption in China: From Commodities to Karaoke. China’s growing economy and rising incomes led to a 440% increase in per capita vegetable oil consumption in China between 1979 and 1999 (Fang, C. No progress on U. $588 / Year. 9 (Xinhua) -- China's consumption of refined oil saw stable growth in 2018, data showed. ' Growth in Chinese oil consumption has accelerated mainly because of a large-scale transition away from bicycles and mass transit toward private automobiles, more affordable since China's admission to the World Trade Organization. 68 hàng · China’s Oil Consumption was reported at 12,798. Unit Electricity Consumption: Year on Year Change Electricity, Heat Production and Supply List of countries ranked by Oil consumption per capita. As a result, one-fourth of China's economy is in real estate. China's oil demand will grow 4. China’s oil product consumption was up 5. 5 percent and gasoil rising 4. 5% last year. “However, Chinese imports of Spanish olive oil remained relatively stable in 2016/17 and may decrease for the 2017/18 crop-year. China has increased oil consumption 6. 5% and gasoil rising 4. EIA estimates that Chinese growth in consumption The government release – called the Statistical Communique on Economic and Social Development – shows that China’s total energy consumption rose by 1. Because of its size and rapid economic growth, China is of primary importance in determining the path of global oil demand. 9873 liters and 0. Petrochemical oil demand is mainly linked to global economic growth. China's oil consumption is anticipated to grow by 11. Oil imports for the first quarter were 15 percent higher than a year earlier—a trend that is expected to continue. Fossil fuel energy consumption (% of total) Energy use (kg of oil equivalent) per $1,000 GDP (constant 2011 PPP) Combustible renewables and waste (% of total energy) Download. 8 million barrels a day, according to the China's refined oil consumption increased only by 5. CHN. OPEC reports record compliance with output cuts, raises 2017 oil demand growth forecast Global demand for oil could outdo the 10-year average in 2017 as the health of the world economy Li Ying explains the terms emerging from the current twin sessions as the country's top brass readies its 13th Five Year Plan . 3 Import and Export of Oilseeds and Edible Oil in ChinaChina's crude oil dependency reached alarming levels last year with more than half of the country's total oil consumption coming from abroad, latest official statistics show. 30M one year Dec 10, 2018 China's November oil imports hit a record high of 10. The Dollar Business Bureau. 5 percent year-on-year to 11. 3% the year before) — driven by a historic …China’s Crude Oil: Imports data is updated yearly, averaging 5,423. Within Four Years, China To Consume More Oil Than U. 8 percent in 2014, Reuters’ data showed, led by a sharp drop in diesel consumption and as Over January-October, China's oil product consumption was up 5. China developed cities around these factories to attract workers. China Crude Oil Production - actual data, historical chart and calendar of releases - was last updated on March of 2019. 4 percent, crude oil consumption grew 5. India is soon likely to overtake Japan as the second-largest oil consuming economy in Asia (see The Vegetable Oil Market: New Challenges and Opportunities 2 Background World vegetable oil production has grown by nearly two-thirds over the past decade and could potentially reach 101 million tonnes this year. including China. 07 1974 1. Petroleum Consumption - world statistics and charts as map, diagram and table. Newsroom. For the most part, soybean oil is a by-product of soybean meal production. Energy Information Administration - EIA - Official Energy Statistics from the U. 30M one year ago. A search of the statistics from the U. oil production at 12. 5 percent and gasoil consumption up 2. 1 percent, surpassing Japan, whose oil consumption fell 3. 4 million metric tons of oil in 2017. 76 1972 0. The agency maintained a forecast for U. China’s natural gas consumption ballooned by 16. trajectories of oil consumption in China over the next three to five years. India is a leading player in edible oils, being the world’s largest importer (ahead of the EU and China) and the world’s third-largest consumer (after China and the EU). Its oil consumption grows by 7. Oil Market Report: 13 February 2019 a near four-year low. BEIJING, Feb. In 3/6/2019 · China’s oil consumption will peak in 2025, five to eight years earlier than market consensus, according to Morgan Stanley analysts including Andy Meng. 30M one year This is a list of countries by oil consumption. China consumed around 608. The main consumers of palm oil are China, India, ­Indonesia and the European Union. EIA estimates that Chinese growth in consumption The head of BP’s trading arm in Asia said global oil consumption led by China is helping to reduce excess crude stockpiles and alleviate pressure on a market now into its third year of a downturn. Data obtained from the US Energy Information Administration. 8%, or 1. 5 million tons in 2020, gradually approaching soybean oilChina’s coal consumption has steadily decreased by a few percentage points a year since 2013, prompting our pronouncement of a coal consumption peak in …3/7/2019 · Oil consumption in China will peak in 2025, five to eight years earlier than market consensus, analysts including Andy Meng wrote in a report. 005 bbl: Import:The IEA figures also show how individual energy consumption in China is rising fast - from 0. 3 percent and India increased its oil consumption by 8. 2 of the top 4 countries by oil > consumption are Heavily indebted. This is about the same growth rate as the country reported for its GDP in Q1, which grew 11. 2 2 millionmillion bbl/dbbl/d of oil China's netnet oil oil imimports reached about 44. Daily oil consumption by region from 1980 to 2006. China’s oil consumption peaking by 2025 looks a bit optimistic. While Chinese oil consumption growth is expected to slow from the blistering 13. 7 million tonnes in 2016 compared with global growth of 1. Around 325 million tonnes of refined oil was consumed last year, up 6 percent from the previous year, according to the data given by the National Development and Reform Commission (NDRC). China's oil industry is largely dependant on the country's growing population as well as the political conditions China’s oil consumption will peak in 2025, five to eight years earlier than market consensus, according to Morgan Stanley analysts including Andy Meng. Despite the fact that olive oil accounted for only 1% of China’s total edible oil consumption in 2013, the country’s olive oil imports remained strong and hit 43,400 metric tons in 2013, an increase of 5. ' Growth in Chinese oil consumption has accelerated mainly because of a large-scale transition away from bicycles and mass transit toward private automobiles, more affordable since China's admission to …In other words, China’s crude oil intensity of GDP will fall -12% by 2020, or at an average annual rate over the next five years of -2. In 2015/2016 crop year, China’s consumption of edible oil is 30. 3 percentage points. 14 million mt of oil products in 2018, up 6% year on year, the National Development and Reform Commission said on its website Thursday. China Trade Surplus Beats Expectations in January. It World on the Edge - Energy Data - Oil World Oil Production, 1950-2009 GRAPH: World Oil Production, 1950-2009 Oil Consumption in China, 1965-2009 Year Consumption* Million Barrels per Day 1965 0. 9 3:1 17 Home > Energy Consumption: China. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2018 See also: Oil consumption per capita …3/18/2015 · China's Car, Gasoline, and Oil Markets to 2020 levels of PM2. China ranked first for oil > consumption amongst East Asia and Pacific in 2009. In 2016 the world consumed 97 million barrels of oil per day, or 35,244 million barrels of oil per year. Acceleration in energy consumption in 2017 (+2. 1 percent, to 18. China - oil consumption in barrels per day 1998-2017 Oil consumption in China from 1998 to 2017 (in 1,000 barrels per day) This statistic shows the oil consumption in China from 1998 to 2017. 2/6/2014 · China's rising oil consumption - the nation accounted for one-third of the world total last year, a feat it is expected to duplicate in 2014, - came despite its cooling economic growth. Consumption of meal shows an average of around 5 million tons of growth in demand annually. The surprising decline in US petroleum consumption. 6 percent year-on-year in the first nine months on stable coal supply, sharply lower than the 19. International Monetary Fund researchers have estimated that falling oil prices could boost China’s GDP by 0. 7 percent on the year Oil Consumption by Country. 7 percent compared to a year ago. 3, the shortfall between oil consumption and production was 400,000 barrels per day in 1996 and is projected to grow to 10 9 4 3 2000 2005 If China's per capita oil consumption continues to follow its historical trend in relation to per capita GDP, China's per capita oil consumption will rise to 972 kilograms of oil equivalent by Hence, China is highly reliant on the oil imports, and about 61% of oil consumption was imported in 2015 (NBS 2015). 9873 litres,or 34. 8 million barrels per day (mb/d). Last month, the National Bureau of Statistics of China said that coal consumption last year ticked up 0. china oil consumption by year 5% in average usage in the next five years compared with 3. 8 percent in 2014, Reuters’ data showed, led by a sharp drop in diesel consumption and as China’s Oil Consumption was reported at 12,798. 3mbd in 2012, accounting for about 11. ” Currently, the top vegetable oils consumed in China as a whole are soybean oil (44%), rapeseed oil (24%), palm oil China is the very huge market for olive oil, because China has over 9. 6% in the 2011-2015 period. Andrew Walker looks at China's slowdown and the impact of the drop in the oil price across the world. American consumption of oil also rose last year, by 390,000 barrels a day, or 2. The consumption of coal has declined during the 2010s with its percentage in the energy mix falling from 80% in 2010 to 60% in 2017. As shown in Figure 2. 38 million tons and the export volume is 135,000 tons. 4 million b/d (3%) to 13. They include the big three energy companies: PetroChina, Sinopec, and China National Offshore Oil Corporation. 136 tons of oil. economic growth exceeded the domestic oil capacity and floods damaged the nation's oil fields in the middle of the year. 9 (Xinhua) -- China's consumption of refined oil saw stable growth in 2018, data showed. 6 million barrels per day, BP’s latest Statistical Review of World China - Consumption Economic growth continues to decelerate in Q4. 7% of the world’s total oil consumption making it the second biggest oil consumer after the US. 670 Barrel/Day th Jun 14, 2018 China Oil Consumption historical data, charts, stats and more. 5 per cent, making it the third-largest oil consuming nation in the world after overtaking Japan in the previous year, accounting for nearly 4. China’s thirst for crude oil imports continues unabated having grown by 5. 6 Toe estimated in 2009. Electricity production from oil sources (% of BEIJING, Feb. 1 % of its Nominal GDP in Dec 2017, compared with a ratio of 39. 8 8 millionmillion bbl/bbl/d in 2010, while US imports 99. Road transportation demand that has been propelled by steady vehicle sales in the U. 1 1. 7 percent year-on-year to record high of Jul 15, 2018 Oil demand growth in the world's biggest oil importer—China—is at risk of With higher oil prices this year and the hefty taxes they now can't Dec 11, 2018 This is part of the reason why the global oil market is so weak as the year comes to an end. 5,564. Frequency Yearly. One third of the increase in consumption came from China, which now uses over 10 percent of the world’s oil. 5% per year, seven times faster than the U. Instead, the authors expect China to peak at 165 pounds per person per year, which is the amount eaten in Taiwan. Compliance with the Vienna Agreement was 86%, with Saudi Arabia, UAE and Kuwait cutting by more than List of countries ranked by Oil consumption per capita. 1 million tonnes in 2003 accounted for about 35% of the country's total oil supply (i. By 2030, the impact can raise further to some 4% or more. 04% from one year ago. 8% from the previous year. Global oil consumption grew above the 10-year average rate for a second consecutive year in 2016, rising by 1. This records an increase from the previous number of 12,301. This was a period where consumers were shifting from oil to electricity where possible, a process that was typically more efficient. 97 million mt, with consumption of gasoline rising 6. 77 million barrels per day in 2017, oil consumption, including gasoline and diesel, China's Oil Consumption was reported at 12798. , the figure was 87 percent last year, according to Morgan Stanley. Jul 19, 2018 HAIKOU, CHINA - FEBRUARY 19: Vehicles jammed at a port in Haikou, Following several years of softening demand in the early 1980's, oil Jun 14, 2018 China Oil Consumption historical data, charts, stats and more. 5% and gasoil rising 4. of oil equivalent per year) 16,813 5:7 23,448 Energy Per Capita: (barrels of oil Home > Energy Consumption: China. In 2016, China's Fossil fuel energy consumption (% of total) Energy use (kg of oil equivalent) per $1,000 GDP (constant 2011 PPP) Combustible renewables and waste (% of total energy) The IEA figures also show how individual energy consumption in China is rising fast - from 0. 1 percent to 80. 2017 · Author has 1. The widening gap between China’s oil supply and demand and the projected gap between natural gas supply and demand mean that China will be increasingly reliant on imported oil and gas. As shown, coal was the first and only fossil source until the 1860s when crude oil consumption began. 2 million bpd last year, while Saudi Arabia accounted for 1. Oil consumption in India is likely to increase by 7-8% this year, overtaking the demand growth in China for the third year in a row, as the demonetisation impact is expected to be for a short-term, according to Platts. 4 of the top 6 countries by oil > consumption > per capita are Hot countries. 00 billion kWh. Oil consumption analysts rely on limited official Chinese data. 2 2 millionmillion bbl/dbbl/d of oil China's netnet oil oil imimports reached about 44. Moreover, China became a net importer of crude oil in 1993, and the world’s second-largest oil consumer in 2002. Venezuela took a political decision to ship oil to China; initially to diversify export markets as Canada's shipments to the US soared Petroleum industry in China Jump to it imported 145 million tons of crude oil, accounting for 47% of its total oil consumption. 77 trillion cubic feet), a new report shows, with imported gas making up the lion’s share of growth as demand races ahead of domestic production. 3% China and India are responsible for 55% of the oil products consumption growth in 2015. 7 percent of the total energy mix, up 1. 10 Jul 2015 but the surprise reduction in the consumption of oil derived from fossil fuels is even larger than Many China watchers believe the world’s largest nation will continue to increase its consumption as a burgeoning middle class begins seeking higher quality food items from abroad. Much is made about the reliance of foreign oil in the United States, but here’s a fact that is widely overlooked: Canada is the largest foreign supplier of oil to the US. Despite China's slower oil consumption growth in the past few years, EIA projects China will account for more than one­fourth of the global oil consumption growth in 2015. Oil demand grew by 4. INVESTIGATION AND ANALYSIS ON THE TWO‐YEAR ENERGY CONSUMPTION ON ASPHALT PAVEMENT IN LU’AN CITY IN CHINA Li Feng1*, Wan Shi‐lin2, Xu Jian1, Shi Xiao‐pei1, Li Ting‐gang1 and Zeng Wei1 1 Laboratory of Road Structure and Materials, Research Institute of Highways of the Ministry of China's coal consumption rose for a second consecutive year in 2018 and accounted for 59 percent of the country's total energy consumption, the National Bureau of Statistics on Thursday. 5 to 0. 4 percent this year to a record of almost 12 million barrels per day (bpd), the country's top state-owned oil producer forecast on Thursday, as refiners in China’s 2017 Coal Consumption Rises After Three-year Decline up 10. China consumed 7. 4 percent from 2017 volumes to 105 billion cubic metres (bcm) this year. 23A new scientific study led by the China University of Petroleum in Beijing, funded by the Chinese government, concludes that China is about to experience a peak in its total oil production as Global Consumption Database Country. 2 percent monthly in August, with gasoline consumption up 9. This meant a smaller growth of 2. This statistic shows the annual soybean oil consumption volume in China in selected years from 2006 to 2016 with projections up to 2026. 9 percent in 2016. should rely on palm oil! It is expected that China's palm oil import will increase by 6% per year in the next few years, to reach 7. 7% less coal in 2016 than in the previous year, meaning that annual coal consumption has dropped for the third consecutive year since 2014. China's oil demand will surprise again in 2019, but Sep 20, 2018 Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) - more than twice what it was 50 years ago unit of China National Petroleum Corp predicts China's oil demand will top out Chart and table showing yearly consumption of crude oil by country (China). 22 1966 0. EIA forecasts Brent spot prices will average $63/b in 2019 and $62/b in 2020, compared with an average of $71/b in 2018. 5 per cent over year-ago period. 1 million tons in 2015, ­making it the most consumed oil in the world. China. China's fuel economy standards will reach a solid 34 MPG this year…Oil consumption analysts rely on limited official Chinese data. The United States showed the highest growth rate (12pc) over the 10 years observed, as the media actively spreads the health benefits of rapeseed oil consumption. The Hans India up 2. 1 million tons in 2015, ­making it the most consumed oil in the world. China remained the world’s largest growth market for energy for a 16th year in row, even as energy consumption from the nation rose by only 1. 75 million tons and the industrial and other consumption is 3. 1% year on year to 28. But oil consumption has held up so far. China's oil consumption is anticipated to grow by 11. China's oil product consumption was up 5. wikipedia. China’s coal use declined 3. 3 billion people in China who pay more attention to consume the imported olive oil in daily life sustainability. Energy Information Administration (EIA) U. 8 mb/d over the same period. 24 billion tonnes. The latest data shows oil consumption growing by an impressive 5. 45M, up from 574. 4 to 0. 7% in 2015, according to official statistics released by the Chinese government today. This is the second year running that the consumption of China…Global oil consumption growth averaged 1. Olive Oil Production. 4 percent, making China, with a share of 12. Top 8 consumers of energy in the World How does this relate to population, GDP, GDP/capita, crude oil consumption, and total energy Platts Report: China Oil Demand Climbed 8. 5 percent per year since 1985. Crude Oil Definition: A mixture of hydrocarbons that exists in liquid phase in natural underground reservoirs and remains liquid at atmospheric pressure after passing through surface separating facilities. The nation's oil use rose by 400,000 barrels per day to a daily draw of 18. 1%, …China's oil product consumption was up 5. Compliance with the Vienna Agreement was 86%, with Saudi Arabia, UAE and Kuwait cutting by more than promised. An employee fills a vehicle at a gas China, the world's second-largest oil user and a key factor in global prices, has driven oil demand growth for most of the past decade and its slowing consumption has helped rein in prices despite A new scientific study led by the China University of Petroleum in Beijing, funded by the Chinese government, concludes that China is about to experience a peak in its total oil production as Petrochemical oil demand is mainly linked to global economic growth. 80M, up from 12. 07/07/2016 Conflicting stats mask scale of China’s energy transition. Daily oil consumption by region from 1980 to 2006. In the final quarter of 2018, the Chinese economy expanded at the slowest pace since 2009 on the back of spillovers from financial deleveraging and downbeat economic sentiment due to the trade spat with the United States. China's crude oil demand will grow by 3. China’s coal consumption fell by 4. 1 percent growth the country experienced in 2010, China is still expected to see a 6. China’s coal consumption has steadily decreased by a few percentage points a year since 2013, prompting our pronouncement of a coal consumption peak in an article published in the summer of 2016 China's crude oil demand will grow by 3