Asia's oil consumption Archives

Asia depends on Middle East for 66 % of its oil imports

July 1, 2015 by Matt Mushalik

Of Asia’s total incremental oil imports since 2001, 4.5 mb/d (47%) have come from production growth, 3.9 mb/d (41%) from taking away imports of other countries (US, Europe, Africa and others) and 1.2 mb/d (12%) from direct consumption decline (US, Europe and others).

Asia’s Oil Consumption at Record High While Production Peaked in 2010

June 23, 2015 by Matt Mushalik

The question no one asks (or wants to ask) is how much oil there is to carry Asia through the decades to come. No one can give an answer of course but it is clear that if past oil consumption and production trends continue the region will slide into a huge oil crisis.