Definition: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Oil - consumption map
UAE has 4% of world's oil and 3.5% of gas reserves: Energy minister
Emirates247 - 4/17/2015 5:26:04 AM
The UAE has four per cent of the world's oil reserves and nearly ... He said the current UAE oil production accounts for nearly 10 per cent of the Organisation of Petroleum Exporting Countries (Opec) production, noting that Abu Dhabi hosts the ...
India growth rate to touch 8% by 2017, says World Bank
Firstpost - 4/15/2015 10:07:37 AM
The country is attempting to shift from consumption to investment-led growth ... through government or consumer accounts," said World Bank South Asia Chief Economist Martin Rama. "Cheap oil gives the opportunity to rationalize energy prices, reducing ...
Could The World Cope With Almost Limitless Energy?
Yahoo Finance - 4/15/2015 9:34:49 PM
View gallery World Energy Consumption at a glance The Energy Information ... Cost Matters Rattled by volatile oil prices and growing need for energy security, countries like China, Germany, the UK, the US, Japan and India are making significant investments ...
Oil Prices Fall as Supply Glut Concerns Persist
Wall Street Journal - 4/17/2015 2:15:47 PM
The Organization of the Petroleum Exporting Countries said U.S. output ... oil policies,” it says. Even if oil consumption is on the rise, it is still not enough to offset the overall surplus production around the world, says Bank of America BAC-1.20 ...
Surprise! Global Oil Demand Is Surging…..
MENAFN - 4/15/2015 6:40:02 AM
Based on the statistics provided by the EIA we can see that American oil consumption is up 3.83% year on year since December 1 st. A 3.8% change in consumption may not sound like a lot but when you are a country ... China is the world’s second largest ...
Forecast for global oil demand growth for 2015 further up by 90 000bpd to 1.08 million bpd
customstoday.com.pk - 4/15/2015 11:40:40 AM
TRIPOLI: World oil markets may take ... the IEA has predicted that the oil market would rebalance in the second half of 2015, as North American supply growth slows and lower prices help boost demand.Oil consumption has proved stronger than expected in ...
Remarks by World Bank Group President Jim Yong Kim at the Opening Press Conference of the World Bank/IMF Spring Meetings 2015
The World Bank - 4/16/2015 4:32:59 PM
Reorienting growth – whether it be away from consumption and toward investment in ... One benefit is that more than 70 percent of the world's poor live in oil-importing countries, and the lower prices will have a positive impact on growth, which will ...
Pakistan’s gradual recovery to around 4.6 percent growth by 2016: WB
Business Recorder - 4/15/2015 7:25:58 PM
According to World Bank, South Asia, now the fastest-growing region in the world, could take greater advantage of cheap oil to reform energy ... percent during FY2016-FY2018. The country is attempting to shift from consumption- to investment-led growth ...
Oil demand seen lagging boom era growth
Financial Times - 4/16/2015 9:40:47 PM
Factories and cars in fast-developing countries guzzled up the world’s growing oil supply at a swift rate ... at Lloyd’s List Intelligence. “US oil consumption peaked in 2005 and similarly this has happened across major european countries and Japan.
World Bank pegs India’s GDP growth at 8% by 2017
The Tribune India - 4/14/2015 6:22:43 PM
The country is attempting to shift from consumption to investment-led growth ... through government or consumer accounts,” said World Bank South Asia chief economist Martin Rama. “Cheap oil gives the opportunity to rationalise energy prices, reducing ...
7 Pressures and Effects on Global Luxury Market
Think Advisor - 4/17/2015 4:28:48 AM
Investors looking to cash in on the global luxury market need to keep abreast of the trends affecting consumption ... in the price of oil and gas and the fall of the ruble, Russian—were some of the biggest spenders on the world stage.
IEA says oil supply boost may defer market tightening
Live Mint - 4/15/2015 6:50:10 PM
World oil markets may take longer to tighten than expected due to a surge in Organization of the Petroleum Exporting Countries (OPEC ... citing strong pockets of consumption in Europe, India and the US. Oil prices have halved from above $115 a barrel ...
Why Are OPEC Countries Abandoning Oil Consumption?
The Motley Fool - 5/17/2013 1:43:58 AM
The first thought that comes to mind with OPEC is oil. This collection of countries is responsible for over 40% of all oil production around the world. For many of these ... East have made moves to halt the consumption of oil within their own borders.
IMF: Low oil prices will spur global economy
azcentral.com - 4/14/2015 5:18:18 PM
WASHINGTON -- Low oil prices are spurring faster growth in the ... The IMF released the forecast as finance ministers and central bankers from 188 countries converge on Washington for this week's IMF-World Bank spring meetings. Global growth is expected ...
Subsea Thermal Insulation Material Market worth $142.30 Million by 2019
EIN News Desk World News Report - 4/16/2015 11:03:42 AM
id=260002549 The global consumption of oil is witnessing a tremendous increase due to fast growing demand for road and air transport, mainly in the developed countries ... which currently uses over 10% of world’s oil. This is projected to generate ...