The impact of the petroleum industry has been increasing globally as China ranks seventh for oil production and second in crude oil consumption in the world.[1][2] China imported a record 6.7 million barrels a day (b/d) of oil in 2015 and was forecast "to overtake the U.S. as the world's biggest crude importer in 2016".[3][4]
^"IEA Atlas of Energy". International Energy Agency. May 2018. Retrieved 13 January 2021.
^"China overtakes US as the biggest importer of oil". BBC News. 10 October 2013. Retrieved 11 October 2013.
^"Meet the Chinese Newcomers Staking a Claim to Global Oil Trading". Bloomberg News. 12 January 2016. Retrieved 14 January 2016.
^"$20 is the new $40; The oil market", The Economist via Gale, vol. 418, 15 January 2016, retrieved 15 January 2016Gale number:8972
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