1. Text: | Print|

      US surpasses China in oil demand

      2014-06-17 13:40 Global Times Web Editor: Qin Dexing
      1

      Oil demand in the US grew at the fastest pace in the world in 2013, outstripping China for the first time since 1999 as the world's top economy reaped the benefits of a shale boom, oil company BP said on Monday.

      In its annual review of energy statistics unveiled in Moscow, BP also raised its global oil reserves estimate by 1.1 percent after revising US reserves upward by more than a quarter.

      Global natural gas reserves were cut for a second year as lower provisions for Russia and Qatar offset a significant uptick in US estimates.

      BP also said the US recorded its largest-ever annual rise in oil production for a second year in a row with a 13.5 percent increase to more than 10 million barrels per day (bpd).

      The annual review, first published in 1951 and considered an industry benchmark, showed that US oil consumption in 2013 grew by 400,000 bpd to 18.9 million bpd, the sharpest gain in the world, followed by China's rise of 390,000 bpd to 10.8 million bpd.

      The consumption growth was led by an expansion of the US industrial sector as the world's top economy emerged from the 2008 financial crisis, BP Chief Economist Christof Ruhl said.

      At the same time, a Chinese slowdown was driven mainly by lower consumption of diesel and gas oil, which traditionally reflect the rate of economic growth.

      "It is easy to understand the US - if you have a lot of cheap domestic oil that feeds into the industry, it will show up eventually in GDP growth numbers. It's not that easy to reconcile the slowdown in Chinese energy numbers," Ruhl said.

      China's economic growth hit a 14-year low in 2013, a decline that accelerated in the first part of this year as China leads a wide drive to reform.

      Overall, China's energy consumption growth slowed to around 4.7 percent in 2013 from a 10-year average of 8.4 percent, Ruhl said.

      Global oil production, up 560,000 bpd, or 0.6 percent, failed to keep pace with growth in oil consumption. Output disruptions from Libya, Nigeria and Iraq due to political strife were almost entirely offset by growth of 1.1 million bpd in US output, BP said.

      BP raised its estimate of global proved oil reserves by 1.1 percent to 1.69 trillion barrels at the end of 2013, enough to meet 53.3 years of current global production.

      US reserves estimates were increased by 26 percent to 44.2 billion barrels, and Russia's by 6.7 percent to 93 billion barrels.

      The company cut its estimate of global reserves of natural gas for a second year in a row to 185.7 trillion cubic meters (tcm), enough to meet 54.8 years of global production.

      The decline was mostly due to Russia, where reserves estimates were cut by 4.9 percent to 31.3 tcm, according to BP.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲女同成av人片在线观看| 亚洲国产成人精品无码区在线观看| 在线观看亚洲人成网站| 老外毛片免费视频播放| 又色又污又黄无遮挡的免费视| 亚洲AV无码一区二区三区DV| 精品韩国亚洲av无码不卡区| 黄色永久免费网站| 亚洲精品国产品国语在线| 色偷偷亚洲第一综合网| 美女网站免费福利视频| 无码欧精品亚洲日韩一区| 一级一级一级毛片免费毛片| 午夜视频在线在免费| 亚洲成AV人综合在线观看| a级毛片100部免费观看| www.亚洲色图| 亚洲成a∧人片在线观看无码| 最近免费mv在线电影| 亚洲国产精品VA在线看黑人| 日韩大片在线永久免费观看网站| 在线免费观看污网站| 亚洲伊人久久精品| 亚洲精品二区国产综合野狼| 国产成人精品亚洲| 欧洲精品免费一区二区三区| 亚洲人和日本人jizz| 99久久久国产精品免费牛牛| 亚洲欧洲美洲无码精品VA| 一级特黄特色的免费大片视频| 日本免费人成黄页在线观看视频 | 亚洲最大在线视频| 九九美女网站免费| 亚洲啪啪综合AV一区| 四虎永久在线精品免费一区二区| 国产美女a做受大片免费| 亚洲精品无码一区二区| 毛片基地免费视频a| 精品亚洲AV无码一区二区| 色片在线免费观看| 亚洲一区二区三区久久久久|