| Barrels | Global Rank | |
|---|---|---|
| Oil Reserves | 25,132,122,000 | #14 in the world |
| Barrels per day | Global Rank | |
|---|---|---|
| Oil Production | 4,905,071 | #4 in the world |
| Oil Consumption | 12,791,553 | #2 in the world |
| Daily Deficit | −7,886,482 | |
| Oil Imports | 7,620,760 | |
| Oil Exports | 58,812 | |
| Net Imports | 7,561,948 |
See also: List of countries by Oil Reserves
China holds 25,132,122,000 barrels of proven oil reserves in the world as of 2016, ranking #14 in the world and accounting for about 1.52% of the world’s total oil reserves of 1,650,585,140,000.
China has proven reserves equivalent to 5.4 times its annual consumption levels. This means that, without imports, there would be about 5 years of oil left (at current consumption levels and excluding unproven reserves).
See also: List of countries by Oil Consumption
China consumes 12,791,553 barrels per day (B/d) of oil as of the year 2016.
China ranks #2 in the world for oil consumption, accounting for about 13.17% of the world’s total consumption of 97,103,871 barrels per day.
China consumes 0.38 gallons of oil per capita every day (based on the 2016 population of 1,404,052,632 people), or 140 gallons per capita per year (3 barrels). [1 barrel = 42 US Gallons]
See also: List of countries by Oil Production
China produces 4,905,071 barrels per day of oil (as of 2016) ranking #4 in the world.
China produces every year an amount equivalent to 7.12% of its total proven reserves (as of 2016).