Will Piekos and Sharone Tobias look at the top five stories in Asia this week.
1. China surpasses U.S. in oil imports. According to EIA data, China has surpassed the United States in oil imports, taking the number one spot. The United States still uses more oil than China, consuming an average of 18.6 million barrels per day compared to China’s 10.9 billion, but imports less thanks to increased domestic production. According to analysis by the Wall Street Journal, China’s increased imports of Middle Eastern oil have caused tensions with the United States, because it leaves the U.S. navy to continue policing trade choke points for China’s oil shipments without much help from Chinese forces. Read more »