China is in front of the whole planet

The volume of oil consumption in China has reached a historic high. According to official data, imports in March sharply increased to 38.95 million tons. And for the entire first quarter of 2017 importers increased purchases by 15% compared to the same period last year – up to 104.73 million tons. The fact is that large shipments went to independent oil refineries. Thus, the country was much ahead of the United States in this indicator.

The American market has mastered in March of 7.97 million barrels per day and 8.17 million barrels per day in the first quarter. While the daily record of the Celestial Empire reached 9.17 million barrels in March alone and 8.49 million barrels per day for the entire first quarter.