China is the worlds largest oil importer. So far in 2019, it imported the equivalent of about 10 million bpd.
China imports are up about 50% over the past four years. The year over year growth of oil imports is astonishing.
I have no doubt that China oil consumption will pass the United States at some point in the future. When oil enters the $40-$50 range, it is a screaming buy. China has put a floor on the price of oil.
The beauty of being a crude oil bull is the market is in backwardation.
You can buy a futures contract out a year for less than spot price.