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
Did Global Oil Consumption Slow in 2012?
energytrendsinsider.com - 6/18/2013 9:37:15 PM
I hate the phrase “Innocent until proven guilty.” When serial killer Ted Bundy killed his first victim, he wasn’t innocent just because a court had yet to convict him. The correct phrasing — which practically nobody uses — is ...
U.S. oil boom helps thwart OPEC
CNN Money - 6/19/2013 9:25:55 AM
Oil workers on a rig in Midland County, Texas. Growth in U.S. oil production is putting pressure on OPEC. NEW YORK (CNNMoney) Surging U.S. oil production and greater energy conservation are helping keep a lid on oil prices worldwide and may be ...
Food Use Seen by Oil World Driving Cooking Oils as Biofuels Slow
Bloomberg - 6/18/2013 1:23:19 PM
Food use will drive demand for vegetable oils and fats in 2012-13 as the world population grows and per-capita consumption rises, while biofuel use will increase at the slowest pace in a decade, Oil World forecast. Total use of 17 oils and fats ...
G8 leaders tackle inequities of global oil, coal extraction
The Christian Science Monitor - 6/18/2013 6:59:46 PM
G8 leaders took on corruption and exploitation in global resource markets at this week's G8 summit. Many of the world's most valuable resources happen to fall in the poorest places on the planet. Large, multinational companies mine precious oil ...
U.S. Tallow Exports Seen Falling by Oil World on Biodiesel Use
Bloomberg - 6/18/2013 1:23:19 PM
U.S. tallow exports are forecast to fall 3.7 percent this year as growing domestic use of the animal grease to make biodiesel squeezes supply, keeping prices high, Oil World said. Tallow shipments from the U.S. may decline to 680,000 metric tons ...
African countries supply 12% world’s oil – PwC
Daily Sun - 6/18/2013 11:31:47 PM
PwC Africa Oil & Gas Industry Leader and Deputy Country Senior Partner ... that the oil and gas industry in Africa is poised for momentous growth due to recent large gas finds in East Africa. “Large gas finds in Mozambique and Tanzania, and oil potential ...
Additional Iranian oil sanctions may be counterproductive
OilVoice - 6/19/2013 6:55:36 AM
If oil prices rise, more money will be transferred from oil importers to oil exporters. Oil exporters, such as the members of OPEC, will benefit. Of course, Iran itself will not benefit. Oil importing countries that have been having trouble with their debt ...
Which Oil Play Is the Best Bet for Profits?
beta.fool.com - 6/18/2013 3:03:32 PM
Coupled with a high growth forecast, Halliburton is continuing its positive gradient on the price chart. Schlumberger (NYSE: SLB) is the world's leading services provider for oil and gas services. The company has geographically diversified ...
Keystone Seen Failing to Sop Up Canada Oil Glut: Energy Markets
Businessweek - 6/18/2013 6:09:39 PM
Even if U.S. President Barack Obama approves the Keystone XL pipeline, Canadian crude oil probably will remain the cheapest in the world, hampering expansion of the country’s largest export industry. Canadian oil prices are forecast to fall ...
This Oil Major Is Eyeing The World's Second Largest Shale-Oil Basin
Seeking Alpha - 6/17/2013 11:22:49 AM
The company believes that Argentina has the world's second largest shale reserves, as opposed to the EIA which thinks that China has more shale oil and gas than Argentina. Nonetheless, the country does have one of the largest shale oil and gas resources in ...
DAWN Group - 6/17/2013 12:52:53 AM
Annual global oil consumption is forecast to expand by 785,000 bpd in 2013, to 90.6 million bpd, roughly unchanged since last month’s report. On the supply front, the IEA said that the Organisation of Oil Producing Countries (Opec) crude oil ...
Frost's Khawar: World must play catch-up with innovation
zawya.com - 6/16/2013 10:41:03 AM
There are three major challenges that the MENA region faces today: water scarcity, food insecurity and rising power consumption ... its oil wealth and ability to import food. However, as these challenges increasingly become global concerns, MENA countries ...
How Long Will Shale Oil Last?
Daily Finance - 6/16/2013 3:41:42 PM
So just how long could shale ... can be replicated around the world. Thus far, only the U.S. and Canada have managed to extract commercial quantities of oil and gas from shale formations. The main reason for this has been the large-scale application ...
US oil price ends flat after surge to 9-month high
France 24 - 6/17/2013 8:41:10 PM
New York oil prices surged ... any fallout for global oil markets to be more than offset by the prospect of releases from the vast strategic reserves held by the US and its allies." "Syria is not a major oil producing country, yet the potential ...
More Russian Oil Flows to China in Shift From Europe
Voice of America - 6/18/2013 11:24:37 PM
The shift in export route has also led to a gradual strengthening of Russian oil prices for European consumers ... while shipments from the Black Sea port of Novorossiisk will increase 3.4 percent to 9.95 million tons.