India is predicted to overtake China as the biggest source of growth for oil demand by 2024, according to research and consultancy group Wood Mackenzie.
India’s oil demand is set to increase by 3.5 billion barrels per day from 2017 to 2035, which will account for a third of global oil demand growth.
In 2017, China became the world’s biggest importer of crude oil. China is predicted to see a decline in oil demand growth from 2024 to 2035.
Oil Imports by country in 2017
1. China: US$162.2 billion (18.6% of total crude oil imports)
2. United States: $139.1 billion (15.9%)
3. Japan: $63.7 billion (7.3%)
4. India: $60.2 billion (6.9%)
5. South Korea: $59.6 billion (6.8%)
6. Netherlands: $37.4 billion (4.3%)
7. Germany: $36.2 billion (4.1%)
8. Italy: $26.1 billion (3%)
9. Spain: $25.7 billion (2.9%)
10. France: $23.8 billion (2.7%)
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.