China Soon to Be World’s Top Net Oil Importer

Launching a big crude oil vessel at a shipyard in Dalian, Liaonin Province, China Photograph by Qilai Shen/Bloomberg

China is poised to surpass the U.S. as the world’s largest net oil importer in October, according to new estimates from the U.S. Energy Information Administration. The growing oil thirst of the world’s second-largest economy carries significant economic, environmental, and geopolitical implications.

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