Key information about China Oil Consumption

• China Oil Consumption was reported at 16,576.537 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 14,969.983 Barrel/Day th for Dec 2022
• China Oil Consumption data is updated yearly, averaging 2,965.072 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 16,576.537 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

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.

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.

CN: Crude Oil Consumption: Industry: Mfg: Waste of Resources & Waste Material Recycling data was reported at 0.000 Ton mn in 2010. CN: Crude Oil Consumption: Industry: Mfg: Waste of Resources & Waste Material Recycling data is updated yearly, averaging 0.000 Ton mn from Dec 2010 (Median) to 2010, with 1 observations. The data reached an all-time high of 0.000 Ton mn in 2010 and a record low of 0.000 Ton mn in 2010. CN: Crude Oil Consumption: Industry: Mfg: Waste of Resources & Waste Material Recycling data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBB: Crude Oil Consumption.

CN: Fuel Oil Consumption: Yunnan data was reported at 0.001 Ton mn in 2022. This records an increase from the previous number of 0.000 Ton mn for 2021. CN: Fuel Oil Consumption: Yunnan data is updated yearly, averaging 0.032 Ton mn from Dec 1990 (Median) to 2022, with 29 observations. The data reached an all-time high of 0.112 Ton mn in 2000 and a record low of 0.000 Ton mn in 2020. CN: Fuel Oil Consumption: Yunnan data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBB: Fuel Oil Consumption.

CN: Crude Oil Consumption: Industry: Mining: Ferrous Metal data was reported at 0.000 Ton mn in 2012. This records a decrease from the previous number of 0.001 Ton mn for 2011. CN: Crude Oil Consumption: Industry: Mining: Ferrous Metal data is updated yearly, averaging 0.000 Ton mn from Dec 1997 (Median) to 2012, with 16 observations. The data reached an all-time high of 0.124 Ton mn in 1997 and a record low of 0.000 Ton mn in 2010. CN: Crude Oil Consumption: Industry: Mining: Ferrous Metal 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.RBB: Crude Oil Consumption.

Forecast: Crude Oil Consumption in Power Generation in China 2022 - 2026 Discover more data with ReportLinker!

The statistic presents the crude oil consumption in China in 2012, by sector. That year, the mining and quarrying sector in China had consumed approximately ** million tons of crude oil.

Asia Pacific is the greatest consumer of oil and oil products in the world. In 2024, the region accounted for around ** percent of total oil demand worldwide. This was up from **** percent in 2010 and largely buoyed by greater Chinese oil consumption. Oil consumption in North America, as well as in Europe, experienced a decline in the same time period.

In 2024, China's population consumed around **** million metric tons of soybean oil. This represented a slight increase from **** million metric tons in the previous year.

In the marketing year 2024/25, China consumed around *** million metric tons of palm oil. In the marketing year 2025/26, the estimated palm oil domestic consumption volume was approximately *** million metric tons.

Forecast: Crude Oil Consumption in China 2023 - 2027 Discover more data with ReportLinker!

In June 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.

Oil & Gas Market Outlook

According to our latest research, the global oil & gas market size reached USD 7.3 trillion in 2024, reflecting the sector’s enduring significance in the global economy. The industry is projected to grow at a CAGR of 4.1% from 2025 to 2033, with the market forecasted to attain a value of USD 10.6 trillion by 2033. This steady growth is primarily driven by increasing energy demand, ongoing industrialization in emerging economies, and the evolution of extraction and processing technologies. The oil & gas market continues to be a cornerstone of global energy supply, with its outlook shaped by dynamic factors such as geopolitical developments, regulatory changes, and the transition towards cleaner energy sources.

One of the most prominent growth factors in the oil & gas market is the persistent rise in global energy demand, particularly from rapidly developing economies in Asia and Africa. As urbanization accelerates and populations expand, the need for reliable energy sources intensifies, placing oil and gas at the forefront of energy consumption. Additionally, the transportation sector, which remains heavily reliant on petroleum-based fuels, continues to drive demand. Despite the increasing adoption of renewable energy, the oil & gas sector remains indispensable, especially for industries where alternative energy sources are not yet viable at scale. This ongoing demand, coupled with strategic investments in infrastructure and technology, underpins the sector’s robust growth trajectory.

Technological advancements have played a pivotal role in enhancing the efficiency and productivity of the oil & gas industry. Innovations such as hydraulic fracturing, horizontal drilling, and advanced seismic imaging have unlocked previously inaccessible reserves, particularly in unconventional resource basins. These advancements have not only increased the recoverable resources but have also contributed to cost reductions and improved environmental management. The integration of digital technologies, including artificial intelligence and IoT, has further optimized operations, from exploration and drilling to refining and distribution. As companies continue to invest in R&D, the sector is poised to benefit from improved operational efficiencies and reduced environmental impact, fostering sustainable growth.

The oil & gas market is also influenced by evolving regulatory landscapes and environmental considerations. Governments worldwide are implementing stricter emissions standards and incentivizing the adoption of cleaner technologies. While this presents challenges, it also drives innovation within the sector, encouraging the development of low-carbon solutions such as carbon capture and storage (CCS) and the integration of hydrogen into existing infrastructure. Companies that proactively adapt to these regulatory changes are better positioned to capitalize on emerging opportunities, ensuring long-term competitiveness and market relevance. The interplay between regulation, sustainability, and technological innovation is shaping the future direction of the oil & gas industry.

Regionally, the oil & gas market exhibits significant variation in growth patterns and investment priorities. The Middle East continues to dominate in terms of proven reserves and production capacity, while North America leads in unconventional resource development, particularly shale oil and gas. Asia Pacific is emerging as a major demand center, driven by robust economic growth and industrialization. Europe, meanwhile, is focusing on energy transition strategies, balancing the need for energy security with decarbonization goals. This regional diversity underscores the complex and interconnected nature of the global oil & gas market, with each region navigating unique challenges and opportunities.

Sector Analysis

The oil & gas market is traditionally segmented into three primary sectors: upstream, midstream, and downstream. The upstream sect

Forecast: Average Daily Crude Oil Consumption in China 2022 - 2026 Discover more data with ReportLinker!

Key information about Hong Kong SAR (China) Oil Consumption

• Hong Kong SAR (China) Oil Consumption was reported at 268.251 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 214.313 Barrel/Day th for Dec 2022
• Hong Kong SAR (China) Oil Consumption data is updated yearly, averaging 184.721 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 433.467 Barrel/Day th in 2018 and a record low of 40.612 Barrel/Day th in 1965
• Hong Kong SAR (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

China: Diesel and heating oil consumption, thousand barrels per day: The latest value from 2023 is 3285.27 thousand barrels per day, an increase from 3228.44 thousand barrels per day in 2022. In comparison, the world average is 145.86 thousand barrels per day, based on data from 190 countries. Historically, the average for China from 1980 to 2023 is 1822.88 thousand barrels per day. The minimum value, 407.09 thousand barrels per day, was reached in 1982 while the maximum of 3538.97 thousand barrels per day was recorded in 2015.

Forecast: Diesel Oil Consumption in China 2023 - 2027 Discover more data with ReportLinker!

Forecast: Crude Oil Consumption in End-use in China 2022 - 2026 Discover more data with ReportLinker!

This statistic outlines the oil demand in China from 2013 to 2016, with projections until 2040. It is projected that the demand for oil in China in 2030 will be some **** million barrels per day.