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, 2014See also: Oil - consumption map
Indonesia - The Next Major Oil Importer?
Seeking Alpha - 1/11/2017 5:53:14 AM
Indonesia has the 4th largest population in the world and is the 7th largest country in the world by land and sea area. Indonesia has seen its oil consumption go up rapidly as a result of the country's growing oil consumption. This combined with the ...
2017: The Year When the World Economy Starts Coming Apart
ourfiniteworld.com - 1/11/2017 10:39:34 AM
it is quite possible that China’s total energy consumption in 2017 will shrink. If this happens, there will be downward pressure on world fossil fuel prices. Oil prices may fall, despite production cuts by OPEC and other countries. China’s slowing ...
China's CNPC forecasts record oil demand, warns on product glut
Reuters - 1/12/2017 3:28:53 AM
BEIJING China's crude oil demand will grow by 3.4 percent this year to a record of almost 12 million barrels per day (bpd), the ... growth in the world's second-largest economy and the shift to renewable energy will hamper the consumption growth for ...
OPEC chief 'confident' countries to meet oil production cuts
Seattle Post Intelligencer - 1/12/2017 2:24:28 AM
However, Iraqi Oil Minister Jabar Ali al-Luaibi pledged his country would meet its required cuts by the ... as well as equally important continued consumption." "I'm not sure we fully understand what would be Mr. Trump's policies, but I'm sure it will ...
Morocco: Oil and Gas Security Stocks at Critical Levels
moroccoworldnews.com - 1/13/2017 4:20:48 PM
The report reveals that Morocco’s oil and gas stocks barely cover 10 days of consumption instead of the mandatory 60 ... At the time, they were the only petroleum refinery in the country. Discarded Laws and Sanctions Investigations carried out by ...
World is ‘backsliding’ on gasoline subsidies, finds study
gogreenr12.org - 1/8/2017 11:57:42 PM
While some countries ... on oil or natural gas exports — their low gasoline prices reflect political pressure to evenly distribute the resulting revenue, says the study. Ross tells Carbon Brief: Venezuela has long had the cheapest gasoline in the world.
China’s energy strategy: power and independence
Financial Times - 1/16/2017 5:33:00 AM
Some people told me that such a policy was unnecessary since the country can afford to pay whatever is necessary ... A few figures illustrate what has been happening. China’s oil consumption has risen from less than 2m barrels a day in 1980 to well ...
U.S. oil production to rise in 2017
Oklahoma News - 1/13/2017 11:55:56 AM
Also, only a few countries likely have the ability to increase production as aging fields and political instability has limited efforts in much of the world ... to let consumption catch up. Tuesday's EIA forecast shows the price of oil gradually increasing ...
India’s Auto Sales Trigger Oil Demand Rising 11% to Record (2)
Bloomberg - 1/11/2017 8:52:12 AM
The world’s second most populous nation consumed 196.5 million tons of oil products ... Oil consumption in December grew at the slowest pace for the month since 2013, as the government’s cash crackdown skewed the trend. The country consumed 16.5 ...
Big OPEC oil producer is spending billions to go green
CNN Money - 1/11/2017 9:20:50 AM
It sits on some of the world's biggest oil and gas reserves ... That should increase clean energy's share of UAE consumption from 25% to 50% by 2050. The country also hopes to increase energy efficiency by 40% over the same period. UAE vice president ...
Shell Selected as Exclusive Supplier of Rolls-Royce Motor Cars Genuine Engine Oil
Yahoo Finance - 1/16/2017 6:37:25 AM
From October 2016, this oil has started to become available to Rolls-Royce Motor Cars Dealers around the world. The new passenger vehicle ... sooner in challenging conditions with low oil consumption and long engine service life. "We are delighted to ...
Volatility and Cyclicality in Oil Prices - will this time be different? Kemp
worldenergynews.com - 1/13/2017 10:11:33 PM
The GDP impact of an oil-price slump on the internal oil consumption of oil-producing countries is also a source of positive destabilising feedback. In the longer term, negative feedback mechanisms clearly prevail because there are no examples of oil ...
Foreign oil dependency up
ECNS - 1/13/2017 2:08:58 AM
An analyst said the world's second-biggest crude oil consumer－to make up the decline of ... According to the CNPC Economics and Technology Research Institute, the country's total energy consumption reached around 4.36 billion tons of coal equivalent ...
The New Gas Guzzlers
Slate - 7/13/2012 3:34:32 PM
Starting next year, for the first time on record the wealthy nations of Europe, North America, and Japan will account for less than one-half the world ... countries has been falling for six years. In North America and Europe, year-on-year oil consumption ...
The Surprising Reasons Why Price Is No Object In Poorer Countries Thirsty For Oil
Forbes - 8/9/2012 7:48:51 PM
I am frequently asked why, if oil demand is down and production is up in the U.S., we aren’t seeing more relief from high oil prices. The short answer: because of rising demand in developing countries ... average consumption of oil in the world—87 ...