China, India to replace US as top oil importers: IEA

摘要

Global oil trade routes are moving East, according to the International Energy Agency's Oil 2018, the five-year market analysis and forecast. An IEA statement said that 'Oil 2018' also examines crude quality issues arising from the rapid increase in US production, changing trade flows and a growing global refining capacity surplus. "Global oil trade routes are moving East, as China and India replace the United States as top oil importers," IEA said.