Crude at $70 puts at least 1.5m b/d of projects for 2016 at risk A general view shows the PetroChina’s Daqing oil field in China’s northeastern Heilongjiang province in this November 5, 2007 file photo. China’s implied oil demand rose in June 2014 to its highest level since January 2013 as crude runs hit a record high, although there were still doubts that the numbers reflected a healthy economy. China consumed roughly 10.2 million barrels per day (bpd) of oil last month, according to Reuters calculations based on preliminary government data, the highest level in 17 months and up 8.4 percent from May.