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
China’s oil consumption projected to keep fleet afloat
Yahoo Finance - 2/27/2015 9:04:39 PM
Navios Maritime Acquisition charts a course for market upside (Part 10 of 12) (Continued from Part 9) China oil consumption ... the world China’s current projections indicate crude oil imports will exceed imports to the US by 2015. As the country ...
The World Appears to be Swimming in Oil
Economy Watch - 2/24/2015 8:32:25 PM
Current estimates have over 80 percent of the world's proven oil reserves located in OPEC member countries, with Middle Eastern reserves ... more oil and gas than Iran and enough to meet the world's entire consumption of crude oil for five years, reported ...
How Low Can Oil Prices Go?
Reason - 3/2/2015 11:52:53 PM
We are awash in crude oil even as the world economy ... if the big industrial countries do get serious in the next decade or so about cutting carbon emissions, that too will tank demand for oil. In other words, oil consumption may well eventually reach ...
World Bank Analyzes Oil Price Plunge
Eurasia Review - 3/5/2015 5:51:25 PM
The impact of lower oil prices for the world economy and developing countries should generally be positive over ... To offset the medium-term incentives for increased fuel consumption, while at the same time building fiscal space, policymakers could ...
The easy oil is gone so where do we look now?
MercoPress - 2/25/2015 4:35:00 PM
Current estimates have over 80% of the world's proven oil reserves located in OPEC member countries, with Middle Eastern reserves ... more oil and gas than Iran and enough to meet the world's entire consumption of crude oil for five years, reported The ...
More Oil Drilling? Let's Cut Consumption Instead
The Huffington Post - 2/27/2015 9:08:49 AM
... at record lows and the United States the world's top oil producer, why risk pristine wilderness, coastal economies, public health and the environment when we have the wherewithal to slash U.S. oil consumption in half? Nice Little Snow Globe? The ...
Why the oil price drop matters
The Business Insider - 3/2/2015 9:19:35 AM
the world should anticipate lower oil prices than it would otherwise have seen. Oil price volatility is universally bad economic news. It stunts consumption and investment while often confounding economic policy-makers. Investing.com When prices are ...
World Bank forecasts oil prices to remain soft over next few years
China - 3/5/2015 10:44:55 PM
"The impact of lower oil prices for the world economy should generally be positive over ... by 0.1-0.2 percent as oil accounts for only 18 percent of energy consumption. The country's inflation could fall over several quarters due to the low oil prices.
World Bank Raises Kenya’s 2015 Growth Forecast to 6 Percent
Bloomberg - 3/5/2015 10:27:36 AM
(Bloomberg) -- The World Bank said the Kenyan economy is expected to grow 6 percent this year, up from an earlier projection of 4.7 percent, as lower oil prices spur consumption and ... Africa last year after the country’s statistics agency revised ...
NEA chief: Expansion rate of energy consumption set to slow
China Daily - 3/5/2015 6:31:23 AM
Growth of average consumption ... oil refineries must keep their inventories above 15 days' average processing level, and no less than 10 days' deposits if international crude oil prices exceed $130 per barrel, according to a guideline issued by the ...
Falling Chinese Coal Consumption and Output Undermine Global Market
Wall Street Journal - 2/27/2015 8:25:52 AM
The decline is an early sign of China’s success in joining countries around the world in trying to diminish air pollution and capitalize on falling oil and gas prices ... at which a long-term decline in consumption of the mineral begins after decades ...
Energy Quote of the Day: Did I Miss Where it Said There Will be Zero Demand for Oil by 2050?
Breaking Energy - 2/20/2015 3:07:53 PM
Saudi Arabia’s oil minister ... threats to the world’s most important commodity. Current projections from the IEA and other analysts all forecast demand for oil increasing, with medium-term forecasts calling for oil consumption to rise by 6.6 million ...
GUEST APPEARANCE: Political economy of oil — a brief sketch
Finger Lakes Times - 3/1/2015 1:59:56 PM
This decline is the confluence of multiple factors, both political and economic, and its many implications affect countries ... of oil, domestic U.S. production has not led to energy independence since its consumption level as the world’s largest ...
Soybean price outlook challenging in a complex world market
ohio's Country Journal - 3/5/2015 8:40:14 AM
Soybean prices exploded to all time highs in the last five years, but have taken a significant decline due to a wide array of changing market factors in the world market. “What drives world demand for soybean meal and oil? There are two key drivers for ...
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.