China has overtaken the US to become the world’s largest net oil importer, according to US estimates, as its steady increase in imports has crossed over with the steep decline in America.
The US government’s Energy Information Administration said on Tuesday that in September the gap between oil consumption and domestic production averaged 6.24m barrels per day in the US, and 6.3m b/d in China.
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Ed Crooks, The Financial Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/n0ZuEV4Mq4A/
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