Otmane El Rhazi from Today in Energy.
Oil demand and imports in China have increased significantly as private passenger vehicle sales and use have increased. Sales of private passenger vehicles have grown by 29% annually over the past 13 years, which has increased gasoline consumption in China. China is currently the world's second-largest oil consumer, behind the United States. Increased sales have mainly been focused in China's wealthier, eastern provinces, where some provinces have now instituted policies to limit vehicle ownership.
Oil demand and imports in China have increased significantly as private passenger vehicle sales and use have increased. Sales of private passenger vehicles have grown by 29% annually over the past 13 years, which has increased gasoline consumption in China. China is currently the world's second-largest oil consumer, behind the United States. Increased sales have mainly been focused in China's wealthier, eastern provinces, where some provinces have now instituted policies to limit vehicle ownership.
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