26.04.2013 - China to overtake US as main oil importer by 2014 says OPEC
Imports to China may surpass 6 million barrels a day by the end of this year, according to an e-mailed report from the Organization of Petroleum Exporting Countries. US oil imports declined 21% last year, according to the US Energy Information Administration. Shipments may drop below 6 million a day in 2014, according to OPEC. “People have been anticipating this for the better part of a decade,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts...............................................Full Article: Source
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