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Heading in Oppposite Directions: China and US Reliance on Oil Imports


Heading in Oppposite Directions: China and US Reliance on Oil Imports

Report summary

China's energy demand has been on a strong rising trend, a consequence of its economic growth.  In our current forecast, China's crude oil import volumes surpass the US post-2015. China faces the risk of becoming similar to the United States of old with oil import costs rising along with increasing dependency on OPEC.  Unlike China, US import costs are falling as is its dependency on non-North American crudes. 


What's included?

This report includes 2 file(s)

  • Heading in Oppposite Directions: China and US Reliance on Oil Imports PDF - 314.99 KB 1 Pages, 0 Tables, 0 Figures
  • Heading in Opposite Directions China and US Oil Trade 24 July 2013.pdf PDF - 465.67 KB

Description

This Oil Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie gives you an informed, independent view on oil prices and the key drivers and trends impacting the oil market. Our highly experienced macro analysts and regional sector teams are based in the key oil producing and consuming regions they analyse, providing detailed field data and demand forecasts driven by country and industry forecasts.

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