{"id":690,"date":"2014-09-17T07:22:55","date_gmt":"2014-09-17T07:22:55","guid":{"rendered":"http:\/\/www.asadkarim.co.uk\/?p=690"},"modified":"2014-09-17T07:22:55","modified_gmt":"2014-09-17T07:22:55","slug":"chinese-oil-consumption","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=690","title":{"rendered":"Chinese Oil Consumption"},"content":{"rendered":"<p>Today China consumes <strong>10,221,000<\/strong> barrels of oil day.<br \/>\nThis is one of the largest consumer nations of oil, with the <strong>USA in No.1 position &#8220;drinking&#8221; 18,555,000 barrels of oil<\/strong>.<\/p>\n<p><strong>China&#8217;s consumption is 11.7% of global crude oil consumption<\/strong>.<br \/>\nWhat is the financial value of this ?<\/p>\n<p>Brent Crude today is worth US$ 101.52 per barrel.<\/p>\n<p>1<strong>0,221,000 barrels of oil day<\/strong> x <strong>US$ 101.52<\/strong> = US$ 1,037,635,920 per day (that is US$ 1 billion dollars per day) = \u00a3635,366,000 per day = \u00a3<strong>635 million per day<\/strong>.<\/p>\n<p>So as China gets richer, the more money it will be spending on crude oil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today China consumes 10,221,000 barrels of oil day. This is one of the largest consumer nations of oil, with the USA in No.1 position &#8220;drinking&#8221; 18,555,000 barrels of oil. China&#8217;s consumption is 11.7% of global crude oil consumption. What is the financial value of this ? Brent Crude today is worth US$ 101.52 per barrel. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-690","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=690"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/690\/revisions"}],"predecessor-version":[{"id":691,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/690\/revisions\/691"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}