According to the Energy Information Administration, in September 2013 China became the largest net imported of crude oil and oil liquids worldwide, as its net imports exceeded those of the United States on a monthly basis. China's liquid fuels consumption is expected to reach more than 11 mb/d in 2014, while the US demand will average 18.9 mb/d (below the 2005 peak of 20.8 mb/d). Chinese production of petroleum and liquids is expected to increase by 5%/year between 2011 and 2014 and will only reach 4.4 mb/d by 2014, spurring imports.
Since the last few years, China has been diversifying the sources of its crude oil imports. Saudi Arabia continues to be the largest supplier of crude oil to China, supplying 19% of China's 5.6 mb/d consumption in 2013. Since 2011 China has replaced Iran, Libya, and Sudan and South Sudan (decreasing production) with imports from Oman, Iraq, the United Arab Emirates, Angola, Venezuela, and Russia.
