China Oil Demand

China Oil Demand China Oil Demand

State-owned China National Petroleum Corporation (CNPC) saw the nation's oil demand rising to 10.68 million barrels per day (bpd) in 2015, some 310,000 bpd or 3 percent higher than last year. The forecast also put the country's net crude imports up 5.4 percent at 6.49 million bpd for this year, Reuters reported. China is the world's second-largest oil consumer after the US.