Crude Oil Production in China decreased to 4270 BBL/D/1K in July from 4430 BBL/D/1K in June of 2025. This dataset provides the latest reported value for - China Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset contains China Oil Database for 2002-2021. Data from Joint Organisations Data Initiative. Follow datasource.kapsarc.org for timely data to advance energy economics research.

Key information about China Oil Consumption

• China Oil Consumption was reported at 16,373.508 Barrel/Day th in Dec 2024
• This records a decrease from the previous number of 16,578.655 Barrel/Day th for Dec 2023
• China Oil Consumption data is updated yearly, averaging 2,965.072 Barrel/Day th from Dec 1965 to 2024, with 60 observations
• The data reached an all-time high of 16,578.655 Barrel/Day th in 2023 and a record low of 215.494 Barrel/Day th in 1965
• China Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

Key information about China Crude Oil: Imports

• China Crude Oil: Imports was reported at 11,072.187 Barrel/Day th in Dec 2024
• This records a decrease from the previous number of 11,302.526 Barrel/Day th for Dec 2023
• China Crude Oil: Imports data is updated yearly, averaging 0.129 Barrel/Day th from Dec 1980 to 2024, with 45 observations
• The data reached an all-time high of 4.479 Barrel/Day th in 2022 and a record low of -3.110 Barrel/Day th in 2001
• China Crude Oil: Imports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Imports

Imports of Crude Petroleum (value) in China increased to 25692752 USD Thousand in February from 25595884 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Imports of Crude Petroleum (value).

Oil consumption in China amounted to **** million barrels per day in 2024, slightly down from **** million barrels daily in the prior year. Between 1990 and 2024, figures increased by more than ** million barrels per day.

China Import Price: Crude Oil data was reported at 550.354 USD/Ton in Mar 2025. This records a decrease from the previous number of 565.521 USD/Ton for Feb 2025. China Import Price: Crude Oil data is updated monthly, averaging 391.538 USD/Ton from Jan 1993 (Median) to Mar 2025, with 387 observations. The data reached an all-time high of 948.796 USD/Ton in Aug 2008 and a record low of 88.470 USD/Ton in Jan 1999. China Import Price: Crude Oil data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price. [COVID-19-IMPACT]

China Imports from Russia of Crude Oil was US$62.59 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Imports from Russia of Crude Oil - data, historical chart and statistics - was last updated on December of 2025.

The China Oil and Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore), and Service (Construction, Maintenance and Turn-Around, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

View yearly updates and historical trends for China Oil Consumption. Source: Energy Institute. Track economic data with YCharts analytics.

China Crude Oil Production data was reported at 209.026 Ton mn in 2023. This records an increase from the previous number of 204.722 Ton mn for 2022. China Crude Oil Production data is updated yearly, averaging 130.688 Ton mn from Dec 1949 (Median) to 2023, with 75 observations. The data reached an all-time high of 214.556 Ton mn in 2015 and a record low of 0.120 Ton mn in 1949. China Crude Oil Production data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.RBA: Energy Production: Crude Oil.

The China Oil and Gas Upstream Market Report is Segmented by Location of Deployment (Onshore and Offshore), Resource Type (Crude Oil and Natural Gas), Well Type (Conventional and Unconventional), and Service (Exploration, Development and Production, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

In 2024, China consumed ***** million metric tons of oil, while Hong Kong consumed around **** million metric tons of oil. During the period under consideration, figures presented a trend of growth, with an increase of nearly *** million metric tons. The East Asian country is the world's largest primary energy consumer.

In October 2025, China imported around ***** million metric tons of crude oil. The annual import volume of crude oil in China amounted to around ***** million metric tons in 2024.

The China Oil and Gas Midstream Market Report is Segmented by Infrastructure (Pipelines, Terminals, and Storage Facilities), Product Type (Crude Oil, Natural Gas, Refined Products, and LNG), and Service Type (Pipeline Construction, Pipeline Maintenance and Repair, Storage and Handling Services, and Transportation and Logistics). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

The China oil and gas upstream industry, a cornerstone of the nation's energy security, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 3.00% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, China's continuously increasing energy demand, driven by its rapidly developing economy and expanding industrial sector, necessitates a consistent rise in domestic oil and gas production. Secondly, government initiatives promoting energy independence and diversification away from reliance on foreign sources are incentivizing significant investments in exploration and production activities. Technological advancements in enhanced oil recovery (EOR) techniques and exploration in unconventional resources, such as shale gas, further contribute to production growth. However, challenges remain. Stringent environmental regulations aimed at minimizing the industry's carbon footprint require considerable investment in cleaner technologies and sustainable practices. Furthermore, geopolitical factors and global oil price volatility can impact investment decisions and overall market stability. The onshore segment is expected to dominate due to existing infrastructure and easier access, while the offshore segment will witness gradual growth fueled by technological advancements and exploration in deeper waters. Major players like China National Petroleum Corporation (CNPC), Sinopec, and CNOOC will continue to shape the market dynamics, leveraging their extensive experience and resources. Competition from international players like ExxonMobil and Chevron will also remain significant. The market's segmentation reveals a dynamic interplay between onshore and offshore operations. While onshore activities form a larger portion of current production, significant investment is flowing into offshore exploration and production, particularly in the South China Sea. This offshore expansion is driven by the potential for large reserves and improved technological capabilities. The forecast period of 2025-2033 indicates continued growth, albeit at a potentially moderating pace as the market matures and faces the aforementioned challenges. The interplay of government policies, technological advancements, and global market conditions will ultimately define the trajectory of the China oil and gas upstream industry over the coming decade. A deeper dive into regional variations within China, considering factors like geological formations and infrastructure development, will be crucial for a more granular understanding of future growth prospects. Analyzing the specific technological breakthroughs and their adoption rates will also provide a more precise forecast. Recent developments include: In January 2022, Sinopec discovered a new oil and gas area with approximately 100 million tons of reserves in the Tarim Basin of northwest China's Xinjiang Uygur Autonomous Region. These latest reserves in Sinopec's Shunbei oil and gas field are estimated to provide 88 million tons of condensate oil and 290 billion cubic meters of natural gas., In June 2021, China National Petroleum Corporation (CNPC) announced the discovery of a new 1-billion-ton super-deep oil and gas area in the Tarim Basin in Northwest China's Xinjiang Uygur Autonomous Region. The discovered well is located in the Fuman Oilfield area, the main block for crude oil production in the Tarim Oilfield. Its drilling depth reached 8,470 meters, and the height of the test oil column hit 550 meters., In August 2021, PetroChina announced a massive shale oil discovery at the Gulong prospect in the area of the mature Daqing oilfield in northern China's Songliao Basin. The company detected 1.268 billion tons of oil in place (9.3 billion barrels).. Notable trends are: Offshore Segment to Dominate the Market.

The size of the China Oil & Gas Upstream Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.00">> 3.00% during the forecast period. Recent developments include: In January 2022, Sinopec discovered a new oil and gas area with approximately 100 million tons of reserves in the Tarim Basin of northwest China's Xinjiang Uygur Autonomous Region. These latest reserves in Sinopec's Shunbei oil and gas field are estimated to provide 88 million tons of condensate oil and 290 billion cubic meters of natural gas., In June 2021, China National Petroleum Corporation (CNPC) announced the discovery of a new 1-billion-ton super-deep oil and gas area in the Tarim Basin in Northwest China's Xinjiang Uygur Autonomous Region. The discovered well is located in the Fuman Oilfield area, the main block for crude oil production in the Tarim Oilfield. Its drilling depth reached 8,470 meters, and the height of the test oil column hit 550 meters., In August 2021, PetroChina announced a massive shale oil discovery at the Gulong prospect in the area of the mature Daqing oilfield in northern China's Songliao Basin. The company detected 1.268 billion tons of oil in place (9.3 billion barrels).. Key drivers for this market are: 4., Increasing Electricity Demand4.; Rsing Investments in the Coal Industry. Potential restraints include: 4., Increasing Installation of Renewable Energy Sources. Notable trends are: Offshore Segment to Dominate the Market.

Key information about China Crude Oil: Exports

• China Crude Oil: Exports was reported at 41.668 Barrel/Day th in Dec 2024
• This records an increase from the previous number of 28.348 Barrel/Day th for Dec 2023
• China Crude Oil: Exports data is updated yearly, averaging 153.260 Barrel/Day th from Dec 1980 to 2024, with 45 observations
• The data reached an all-time high of 606.400 Barrel/Day th in 1985 and a record low of 12.167 Barrel/Day th in 2014
• China Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports

In September 2025, roughly ***** million metric tons of crude oil were produced in China. This was an increase compared to the same month in the previous year. Crude oil industry leaders and consumer groups China's leading oil, gas, and petrochemical companies are state-owned enterprises Sinopec and Petrochina. In 2023, they reported whopping annual revenues of around *** and *** trillion yuan, respectively. Their business performance is in part driven by increasing demand for oil and oil products by the automotive industry. With over *** million cars sold each month, automobile sales in China stimulate demand for petroleum-based motor fuels. This is also reflected in the production of refinery products, such as gasoline and diesel. China's growing appetite for primary energy As the wealth of its residents grows, so too does the country's demand for primary energy sources. In 2023, China was ranked the world's largest primary energy consumer. Crude oil consumption has been climbing continuously in the past few years, although coal remains the most dominant energy source in the country. Together, coal and oil make up the lion’s share in China’s primary energy consumption.

China Imports from Mexico of Crude Oil was US$584.14 Million during 2024, according to the United Nations COMTRADE database on international trade. China Imports from Mexico of Crude Oil - data, historical chart and statistics - was last updated on December of 2025.