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Asia's Energy Demand Rises, World Crude Oil Prices to Remain High
International Energy Network News: According to a report by Saudi Arabia's "Habitat" on August 19: According to the latest statistics, in the past few years, the world energy market demand pattern has undergone tremendous changes. On the one hand, the United States, which has been the world's largest energy consumer since the 20th century, has seen a decline in demand for crude oil since the large-scale exploitation of shale gas. On the other hand, developing countries led by China have increasingly demanded energy in recent years. Growth: Since 2010, China's demand for energy has doubled compared with 2000, and now its demand for energy accounts for about one-fifth of the world's total demand.The report pointed out that as the world's largest coal producer and coal user, coal will still be China's main source of energy, covering nearly two-thirds of its needs. China consumed an average of 10.6 million barrels of crude oil per day last year, ranking second after the United States with an average of 19 million barrels per day. Since 1995, China's energy demand has grown steadily at an annual growth rate of 6%. With the pressure of urbanization and population growth, China's demand for crude oil will continue to rise in the next few years.
At the same time, since the large-scale exploitation of shale oil and gas in the past two years, the United States' demand for Gulf oil is decreasing. Some experts even say that the United States will become an energy exporter in the near future.
Experts say that the U.S.'s increasing preference for shale gas in energy means that the United States will gradually reduce its demand for oil from Gulf countries in the next few years. However, due to the rapid development of developing countries led by China, and the rapid growth of their populations As well as the huge demand for energy brought about by the accelerated urbanization process, the demand for oil in the Gulf region will continue to rise in the next few years, and the price of crude oil in the world market will also maintain its current high level.
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