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China No.1 oil importer

China will overtake the US as the world's largest net oil importer by October. Next year, China's net oil imports will exceed those of the US on an annual basis and the gap between them will continue to widen, the US Energy Information Administration said. China is already the biggest energy user in the world and the second-largest oil consumer after the US.

China will overtake the US as the world's largest net oil importer by October. Next year, China's net oil imports will exceed those of the US on an annual basis and the gap between them will continue to widen, the US Energy Information Administration said. China is already the biggest energy user in the world and the second-largest oil consumer after the US.

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