Crude oil imports


Asian crude oil imports – except China and India – were around 10 mb/d since the mid 90s,  had a 2nd peak in 2006 at 11 mb/d and then declined by around 1 mb/d.  Given that global crude oil started to peak in 2005, these “savings” are nowhere near enough to allow China and India to grow as they did in the last 10 years.