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, 2012
See also: Oil - consumption mapRelated News
Why Are OPEC Countries Abandoning Oil Consumption?
The Motley Fool - 5/17/2013 1:43:58 AM
which becomes instant export capacity. At current prices, this would translate into an additional $19 billion per year in oil sales. With North American oil production expected to increase over the next several years, countries in the Gulf ...
US Boom Transforming Global Oil Trade
NPR News - 5/15/2013 1:17:43 AM
"It will affect relationships between countries. Most leaders believe they ... At the same time, the historically big oil consumers — the U.S., Europe and Japan — will use less. Overall, global demand is expected to rise 1.2 percent per ...
'Revolutions' Unfold Within Oil Industry
NPR News - 5/15/2013 8:20:03 AM
before long would overtake the industrialized countries in their oil consumption. Executive Director Maria van der Hoeven says the IEA did not realize how soon that moment would come. MARIA VAN DER HOEVEN: But it's happened, and it's happened fast.
OIL MARKET IS BEING RESHAPED BY U.S. BOOM
Utsandiego - 5/19/2013 12:04:22 PM
The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle East oil will continue ...
US oil boom changing global market
Worcester Telegram & Gazette - 5/16/2013 9:51:55 AM
The changes will ... they buy their oil from,” says Michael Levi, an energy expert at the Council on Foreign Relations and author of a recent book on the U.S. energy boom called The Power Surge. U.S. petroleum imports have fallen by 22 percent since ...
Senators Urge Obama to Press Iran by Increased Sanctions
Bloomberg - 5/16/2013 3:32:32 AM
The International Energy Agency said the Organization of Petroleum Exporting Countries’ spare crude oil production capacity will increase ... using its automotive industry to produce dual-use items for its nuclear program, and suggested ...
Saudi oil exports drop to 7.42m bpd in March
arabianbusiness.com - 5/19/2013 10:24:09 AM
Saudi oil use for power generation surges from February to June as rising temperatures drive up demand for air-conditioning in a country which relies entirely on fossil fuels for power generation and does not have enough gas to satisfy peak ...
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 ...
OAS study says countries should consider decriminalizing drug use
Los Angeles Times - 5/18/2013 12:52:41 AM
BOGOTA, Colombia — The Organization of American States said Friday that countries should consider decriminalizing drug use, a shift backed by several Latin American leaders but opposed by the United States. Decriminalization could be one of ...
UPDATE 1-Many countries badly mismanage oil, mining resources -study
CNBC - 5/15/2013 6:49:59 PM
WASHINGTON, May 15 (Reuters) - More than 80 percent of the world's major oil and gas-producing and mining countries fail to meet "satisfactory standards" for managing their natural resources, according to a report tracking global resource mismanagement and ...
Pumped-up US oil production alters global market
Greenville News - 5/16/2013 3:46:51 AM
Developing countries will soon, as a group ... NEW YORK — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but ...
Report: Days of oil shortages over as new sources emerge
Desert Sun - 5/16/2013 4:36:57 AM
Developing countries will soon, as a group ... NEW YORK — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but ...
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 tables across Europe. Now, the European Union is going to ban it. The European Commission, the EU’s executive, said Friday that, as ...
Brimming Oil Stockpiles to Keep Prices in Check
CNBC - 5/14/2013 12:14:28 AM
Well-supplied global oil markets - highlighted by U.S. inventories at multi-decade highs - are expected to keep a firm lid on prices this week , though upside surprises may come from better-than-expected U.S. data and continued unrest in the Middle East.
US senators urge Obama to press Iran by increased sanctions
The Jerusalem Post - 5/15/2013 9:48:56 PM
Lawmakers cite estimates that the global oil market has enough supply to let the US press Iran’s remaining oil buyers to radically curtail their purchases without causing a spike in gasoline prices. Members of US Congress from both parties on Wednesday ...
