资源环境科技发展态势分析平台

China’s oil demand has almost tripled over the past two decades, accounting on average for one-third of global oil demand growth every year. China is set to dominate future growth as well, as it will overtake the US as the world’s largest economy. But the pace of the country’s oil consumption is slowing while the product makeup is shifting, in line with the restructuring of the Chinese economy and policy efforts to curb local air pollution. Over the past two decades, China’s oil consumption has grown by over 9 million barrels per day (mb/d), according to BP, from 4.7 mb/d in 2000 to 14.1 mb/d in 2019. Yet over the next two decades, its oil use is expected to grow by 3–4 mb/d. While China’s oil use has a strong growth potential—given that China’s per capita oil use is currently around one-third of OECD levels—future growth rates will be tempered by efforts to tackle air pollution.