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%)
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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