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
Why Are OPEC Countries Abandoning Oil Consumption?
Daily Finance - 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 countries, oil is far and away the largest source of governmental revenue.
Oil flow shifting direction
Durango Herald - 5/19/2013 6:35:05 AM
NEW YORK – The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world ... organization based in Paris that serves 28 oil-importing countries, including the United States. The report does not address ...
Palm Oil Seen Dropping by Mistry as Output, Stockpiles Climb
Bloomberg - 5/21/2013 7:08:31 AM
Palm oil may decline about 14 percent as output increases in Indonesia and Malaysia, rebuilding stockpiles in the world’s two largest producers, according to Dorab Mistry, director at Godrej International Ltd. The commodity may drop to 2,000 ...
US boom transforming global oil trade
NorthJersey.Com - 5/19/2013 12:47:19 PM
NEW YORK — A surge in oil production in the United States and Canada and shrinking oil consumption in the developed world is transforming the global petroleum market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle Eastern ...
3 Country ETFs to Avoid in an Oil Slump - ETF News And Commentary
NASDAQ - 5/20/2013 4:06:34 PM
The most popular way to play the country is with NORW, an ETF from Global X. The product tracks the FTSE Norway 30 Index, a benchmark of 30 companies that focus on Norway, charging investors 50 basis points a year in fees (read Nordic ETF ...
State Dept. Report Says Countries Have Repressed Religious Freedom With Laws
New York Times - 5/21/2013 1:10:36 AM
WASHINGTON — Countries around the world, including allies of the United States, have used laws on blasphemy and apostasy to suppress political opponents, the State Department said on Monday in an annual report chronicling a grim decline in ...
Hacker Group Anonymous Launches #OpPetrol to Target Global Oil Industry
US News and World Report - 5/17/2013 4:10:07 PM
The oil and gas industry has found itself in the crosshairs of hacker activist group Anonymous, which recently announced plans to launch cyber attacks on countries involved in the global oil trade. [READ: Why Our Energy Policy – and Fights ...
Oil prices slide as traders take profits
GlobalPost - 5/20/2013 5:39:37 PM
World oil prices slid on Monday as investors locked in profits from last week's gains that were made on the back of positive US consumer sentiment data, analysts said. Brent North Sea crude for delivery in July dropped 51 cents to $104.13 a barrel in ...
Refill olive oil bottles in restaurants? Forget it, says EU. Too unhygienic and fraud-prone
Washington Post - 5/17/2013 3:20:01 PM
BRUSSELS — The small glass bottle filled, and refilled, with golden olive oil has long been a staple on many restaurant ... with proper content labeling to douse their crusty bread or garden salad. More lives are at risk as the U.S. helicopters that ...
Even before first drops flow, Uganda's oil beset by bribery charges, political interference
FOX News - 5/18/2013 3:11:40 PM
... Uganda one of Africa's top oil producers. But some experts and analysts worry that the country got off to a false start and remains too politically unstable to avoid some of the mistakes made by other oil-rich but otherwise poor countries.
Pollution risks worse for developing world women
United Press International - 5/20/2013 7:41:19 PM
"The female hormonal system is especially sensitive to toxic chemicals in the environment," says Theo ... a research assistant at the Silent Spring Institute, in Massachusetts. "The biggest jumps are in the Middle East, central Latin America ...
Oil prices slide
DAWN Group - 5/21/2013 2:57:58 AM
On Wednesday, Bernanke will update Congress on the US central bank’s economic outlook in testimony before the Joint Economic Committee. Markets will watch closely for indications on when the Fed will start winding down its massive bond-buying ...
Fuel Oil Rally to End With Europe Swamping Asia: Energy Markets
Bloomberg - 5/17/2013 7:27:34 AM
One predicted it would widen to about $7, citing a shortage of the material needed to blend with it to make shipping fuel, or bunker. It was at $1.50 a ton at 2:29 p.m. in Singapore. Deliveries from Western countries to Asia this month may rise ...
Angola: Oil Minister Stresses Global Development Related to Energy
AllAfrica - 5/18/2013 8:02:11 AM
"During the twentieth century, the power consumption was dominated by fossil fuel, which has not changed much, although some countries opting to diversify their sources, driven by various reasons such as climbing oil prices, environmental pressures ...
FMC Technologies to Present at UBS Global Oil and Gas Conference
International Business Times - 5/20/2013 8:17:06 PM
Live webcast and accompanying presentation slides will be available at the time of the event and can be accessed at http://ir.fmctechnologies.com/events.cfm. FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of ...