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It's not small -- China is the world's 4th largest oil producer. They domestically produce about 75% of their demand.




This number is wrong. Instead, ~70-75%[0] of China's oil demand is met by importing.

[0]: "2024年,中国...石油对外依存度71.9%,同比下降0.5个百分点。" (In 2024, China's ... dependence on foreign oil was 71.9%, a year-on-year decrease of 0.5 percentage points.)(https://finance.sina.cn/2025-01-24/detail-inefzsek2941040.d....)




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