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
Cheap oil shifts the balance of world forces
Azer News - 12/22/2014 4:26:12 PM
In 2015 the US will be the only country which plans to increase oil supplies ... which will require more raw material. Oil consumption in the world in 2015 will grow by nearly 1 percent to more than 92 million barrels per day, and the US will consume ...
EIA expects non-OPEC countries to grow faster than OPEC countries
Market Realist - 12/18/2014 4:38:06 PM
In the previous parts of this series, we discussed U.S. Energy Information Administration’s (or EIA) energy production and consumption ... countries will slow down OPEC production in 2014 and 2015. OPEC accounted for 40% of total world crude oil supply ...
World Sets New Oil Production and Consumption Records
Energy Trends Insider - 7/9/2014 11:53:36 PM
Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.
World Oil Demand Outlook Cut Again; Sub-$60 Price Seen Holding
Bloomberg - 12/12/2014 9:45:52 PM
World oil consumption will expand by 230,000 barrels a day less than ... for the amount of crude needed next year from the Organization of Petroleum Exporting Countries by 300,000 barrels a day. The group will need to pump an average of 28.9 million ...
Saudi Oil Chief spills! Shoots down conspiracy theories on oil prices
Al Bawaba - 12/22/2014 3:28:56 PM
“One of the challenges facing the Arab world is the domestic consumption, which is rising faster than production affecting the exporting capability specially in the natural gas sector.” Adil Abdul Mahdi, oil minister of Iraq said the country’s oil ...
Why oil prices keep falling — and throwing the world into turmoil
Vox - 12/16/2014 1:34:21 PM
The plummeting price of oil is the biggest energy story in the world right now. It's bringing back cheap ... around $100 per barrel since 2010 — because of soaring oil consumption in countries like China and conflicts in key oil nations like Libya.
Opec: World energy watchdog IEA cuts oil demand forecast
Daily Telegraph - 12/12/2014 9:42:53 AM
Under its charter, all IEA countries which are net oil importers must ... against any sudden disruptions to world energy markets. According to the IEA, its members now hold in storage about 44 days of total global consumption.
How cheap oil changes the world
The Christian Science Monitor - 12/13/2014 2:56:39 PM
Traditionally oil-hungry countries have curbed their appetite ... per barrel range and stabilize after spiking in the wake of 9/11. But prices moved up as world consumption grew – and the occasional war broke out – hitting $147 per barrel in 2008.
Agricultural Stock Outlook Improves on Oil Price Decline
ZACKS - 12/18/2014 5:35:22 PM
Oil comprises nearly 40% of the global energy consumption ... Sector Fiscal authorities of several countries are highly concerned about food price inflation. A research study conducted by The World Bank revealed that in 2011, worldwide food prices had ...
The Surprising Reasons Why Price Is No Object In Poorer Countries Thirsty For Oil
Forbes - 8/9/2012 7:48:51 PM
In poorer countries, where per capita oil consumption is only ... and aspires to higher standards of living. The average consumption of oil in the world—87 million bpd in 2010 (Source: 2011 BP Statistical Review of World Energy) divided by a global ...
Oil slides to new lows as IEA highlights risks to producer countries
FORTUNE - 12/12/2014 5:25:11 AM
As of today a barrel of oil (should ... On a brighter note, consumption held up well, with November retail sales up 11.7% on the year. In addition, data on new loans also exceeded expectations, damping fears about the health of the country’s financial ...
Why the fall in oil prices may not be so important for Indian economy at the current juncture
Economic Times - 12/21/2014 6:54:43 AM
To the extent that this fall will boost consumption and investment in oil-importing countries such as India ... the United States which has effectively turned what was one of the world's biggest importers of oil into a large potential exporter.
World Oil Consumption – 3D Charts in Google Earth
Google Earth Blog - 2/26/2007 11:58:23 PM
World Oil Consumption by Country – height based on barrel of oil per day World Oil Consumption Per Capita by Country Here are some interesting notes on what he did to produce the “Per Capita” chart: I had to mess with this data a little bit to get it ...
Dubai investing Dh50 billion to reduce energy consumption
The National - 12/18/2014 1:24:49 PM
Dubai plans to spend Dh50 billion by 2030 to help slash energy consumption by 30 per cent through new ventures such as solar energy, a top utility official said yesterday. Although the UAE sits on more than 8 per cent of the world’s proven oil reserves ...
Malaysia's growth to slow as oil falls: World Bank
Market Watch - 12/17/2014 12:21:35 PM
"Investment in oil and gas will slow and private consumption ... the bank said. The World Bank's latest projection is below the government's growth forecast of between 5% and 6% for next year. The bank also forecast the country's current-account surplus ...