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![China's Top Crude Oil Suppliers: A Two-Decade Transformation (2000–2024)](https://static.wixstatic.com/media/9d6354_6a28a6c11e274fa9a716a9604bfda11b~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_6a28a6c11e274fa9a716a9604bfda11b~mv2.webp)
Admin
8 hours ago1 min read
China's Top Crude Oil Suppliers: A Two-Decade Transformation (2000–2024)
China's crude oil imports have grown at a compound annual growth rate (CAGR) of 9.0%, surging from 1.4 million barrels per day (bpd) in...
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![Top Crude Oil Suppliers to the U.S. (1975–2024): Canada's Dominance Over OPEC](https://static.wixstatic.com/media/9d6354_cb428edf7d5b42b78982040af58f90c7~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_cb428edf7d5b42b78982040af58f90c7~mv2.webp)
Admin
9 hours ago1 min read
Top Crude Oil Suppliers to the U.S. (1975–2024): Canada's Dominance Over OPEC
In the 12 months ending November 2024, U.S. crude oil imports averaged 6.58 million barrels per day (Mb/D)—35% lower than the peak levels...
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![Canada Supplied 61% of U.S. Crude Oil Imports in 2024, Reaching a Record 4.0 Mb/D](https://static.wixstatic.com/media/9d6354_69007049c2864c9c9fee7b8a7ef09469~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_69007049c2864c9c9fee7b8a7ef09469~mv2.webp)
Admin
2 days ago1 min read
Canada Supplied 61% of U.S. Crude Oil Imports in 2024, Reaching a Record 4.0 Mb/D
In the 12 months ending November 2024, U.S. crude oil imports from Canada reached a record 4.0 million barrels per day (Mb/D), accounting...
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![China's Crude Oil Import Sources in 2024](https://static.wixstatic.com/media/9d6354_09f0ccd00b2145c18e851d725d9f428c~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_09f0ccd00b2145c18e851d725d9f428c~mv2.webp)
Admin
2 days ago1 min read
China's Crude Oil Import Sources in 2024
China's crude oil imports have surged from 1.4 million barrels per day (bpd) in 2000 to an unprecedented 11.1 million bpd in 2024,...
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![Russia Becomes China's Top Crude Oil Supplier in 2024 with 2.19 Mb/D, Surpassing Saudi Arabia's 1.55 Mb/D](https://static.wixstatic.com/media/9d6354_7bcb56fa6f854a7d90c1275eb10159fa~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_7bcb56fa6f854a7d90c1275eb10159fa~mv2.webp)
Admin
Jan 271 min read
Russia Becomes China's Top Crude Oil Supplier in 2024 with 2.19 Mb/D, Surpassing Saudi Arabia's 1.55 Mb/D
Russia, Saudi Arabia, Malaysia, and Iraq supplied 57.5% of China’s crude oil imports in 2024. In 2024, Russia exported 2.19 million...
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![U.S. and Euro Area GDP Growth Gap Expected to Narrow by 2026](https://static.wixstatic.com/media/9d6354_c7f40d30d66547ad9ba13bb3827ed0d5~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_c7f40d30d66547ad9ba13bb3827ed0d5~mv2.webp)
Admin
Jan 271 min read
U.S. and Euro Area GDP Growth Gap Expected to Narrow by 2026
IMF projections indicate that U.S. annual GDP growth will decline from 2.8% in 2024 to 2.7% in 2025 and 2.1% in 2026. Meanwhile, the Euro...
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![China's Crude Oil Imports Reach 11.1 Mb/D in 2024, Down 1.9% from 2023](https://static.wixstatic.com/media/9d6354_a4505abc50da4d108ed6ab4b5736a3b4~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_a4505abc50da4d108ed6ab4b5736a3b4~mv2.webp)
Admin
Jan 241 min read
China's Crude Oil Imports Reach 11.1 Mb/D in 2024, Down 1.9% from 2023
China's crude oil imports averaged 11.1 million barrels per day (Mb/D) in 2024, reflecting a modest 1.9% decline from 11.3 Mb/D in 2023....
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![U.S. $57 Billion Fuels Trade Surplus in 2023 vs. EU $455 Billion Deficit and China's $435 Deficit](https://static.wixstatic.com/media/9d6354_37beffa035e841a294637222cde13acd~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_37beffa035e841a294637222cde13acd~mv2.webp)
Admin
Jan 41 min read
U.S. $57 Billion Fuels Trade Surplus in 2023 vs. EU $455 Billion Deficit and China's $435 Deficit
The following key trends are highlighted: United States: Historically had a fuels trade deficit, which began improving significantly...
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![Oil-to-Gold Price Ratio Reaches Historic Low: 0.85 Grams per Barrel in November 2024, Down 32% from Pre-Bretton Woods Era](https://static.wixstatic.com/media/9d6354_74a484f16681407eb289e72c0dc22934~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_74a484f16681407eb289e72c0dc22934~mv2.webp)
Admin
Jan 41 min read
Oil-to-Gold Price Ratio Reaches Historic Low: 0.85 Grams per Barrel in November 2024, Down 32% from Pre-Bretton Woods Era
The oil-to-gold price ratio has experienced significant fluctuations since the collapse of the Bretton Woods system in the early 1970s,...
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![Surging Fuel Imports Drive EU Imports from the U.S.](https://static.wixstatic.com/media/9d6354_876e0ad1bb4e4d7ebe9a4b3e912227b8~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_876e0ad1bb4e4d7ebe9a4b3e912227b8~mv2.webp)
Admin
Jan 41 min read
Surging Fuel Imports Drive EU Imports from the U.S.
Following Russia's invasion of Ukraine, European sanctions on Russian energy commodities significantly increased EU imports of fuels and...
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![Malaysia Surpasses Saudi Arabia as China’s Second-Largest Crude Oil Supplier](https://static.wixstatic.com/media/9d6354_3a770a73b8f5481187fbc632e0e33659~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_3a770a73b8f5481187fbc632e0e33659~mv2.webp)
Admin
Jan 41 min read
Malaysia Surpasses Saudi Arabia as China’s Second-Largest Crude Oil Supplier
In October 2024, China imported 1.78 million barrels per day (Mb/d) of crude oil from Malaysia, making it the second-largest supplier...
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![Russia Overtakes Saudi Arabia as China’s Top Crude Supplier Since Mid-2023](https://static.wixstatic.com/media/9d6354_973a9fec49444c7981f21db48d130b33~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_973a9fec49444c7981f21db48d130b33~mv2.webp)
Admin
Jan 41 min read
Russia Overtakes Saudi Arabia as China’s Top Crude Supplier Since Mid-2023
In the first nine months of 2024, Russia exported 2.16 million barrels per day of crude oil to China, exceeding Saudi Arabia exports by...
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![Crude Oil Production Value as a Share of Global GDP (1973–2024)](https://static.wixstatic.com/media/9d6354_84c4a6618512416998933c7c623a8664~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_84c4a6618512416998933c7c623a8664~mv2.webp)
Admin
Jan 41 min read
Crude Oil Production Value as a Share of Global GDP (1973–2024)
In 2023, crude oil production value accounted for 2.3% of global GDP, with an estimated 2.2% in 2024, both below the long-term average of...
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![Semiconductors Rival Crude Oil in Global Trade](https://static.wixstatic.com/media/9d6354_7557490396f4420cbed5ad623b2aa673~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_7557490396f4420cbed5ad623b2aa673~mv2.webp)
Admin
Jan 41 min read
Semiconductors Rival Crude Oil in Global Trade
In 2023, Global Trade (Exports + Imports) in Integrated Circuits and Semiconductors Reached $2.5 Trillion, Closing in on the $2.7...
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![Global Natural Gas Production (2023)](https://static.wixstatic.com/media/9d6354_7f2fd8a78526432cab2dd2e021284ce5~mv2.jpg/v1/fill/w_454,h_348,fp_0.50_0.50,q_90,enc_auto/9d6354_7f2fd8a78526432cab2dd2e021284ce5~mv2.webp)
Admin
Jan 31 min read
Global Natural Gas Production (2023)
Natural Gas Production in Billion Cubic Feet per Day
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![Comparing Crude Oil Production: U.S. States vs. Global Producers (2023)](https://static.wixstatic.com/media/9d6354_25bef593aba74cb5bce215e52c69badc~mv2.jpg/v1/fill/w_454,h_568,fp_0.50_0.50,q_90,enc_auto/9d6354_25bef593aba74cb5bce215e52c69badc~mv2.webp)
Admin
Jan 31 min read
Comparing Crude Oil Production: U.S. States vs. Global Producers (2023)
Texas Produced 5.51 Million Barrels Per Day of Crude Oil in 2023, Surpassing All Countries Except Russia and Saudi Arabia
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![Global Global Crude Oil Production (2023)](https://static.wixstatic.com/media/9d6354_89b76d401b984513924b0d8201541c15~mv2.jpg/v1/fill/w_454,h_348,fp_0.50_0.50,q_90,enc_auto/9d6354_89b76d401b984513924b0d8201541c15~mv2.webp)
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![Top Suppliers of Crude Oil to China (2023)](https://static.wixstatic.com/media/9d6354_512bff89d57d433b9ad29c8c939638c5~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_512bff89d57d433b9ad29c8c939638c5~mv2.webp)
Admin
Jul 21, 20243 min read
Top Suppliers of Crude Oil to China (2023)
China has played a significant role in the global economy and energy market, contributing to 28% of global economic growth and accounting...
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![Energy: The Main Driver of India's Trade Deficit](https://static.wixstatic.com/media/9d6354_68f24ebacb4b4cdebedc89bca2519c05~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_68f24ebacb4b4cdebedc89bca2519c05~mv2.webp)
Admin
Jun 24, 20241 min read
Energy: The Main Driver of India's Trade Deficit
Fossil Fuels and Products Accounted for an Average of 64% of India’s Goods Trade Deficit Over the Last Ten Years.
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![Winners of EU Sanctions Against Russia](https://static.wixstatic.com/media/9d6354_a166e8880a3d479dba2d626994d40e08~mv2.jpg/v1/fill/w_454,h_454,fp_0.50_0.50,q_90,enc_auto/9d6354_a166e8880a3d479dba2d626994d40e08~mv2.webp)
Admin
Jun 12, 20241 min read
Winners of EU Sanctions Against Russia
In 2022 and 2023, the European Union significantly reduced its crude oil imports from Russia, decreasing by 81%. This sharp decline was...
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