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
New Threat Looms for Oil Prices
Wall Street Journal - 2/10/2016 12:50:13 AM
Emerging markets have accounted for the majority of global oil consumption since 2014, according to the International Energy Agency. Demand from developing countries amounted to slightly more than half of the 95 million barrels a day consumed in the fourth ...
IEA Warns Global Oil Glut Could Worsen
financialbuzz.com - 2/8/2016 11:54:08 PM
The International Energy Agency said on Tuesday that oil price could keep falling as the global oil surplus will be bigger than estimated while the demand growth slows. The gap between supply and consumption ... Petroleum Exporting Countries fail to ...
Global oil demand growth likely to fall sharply in 2016, says IEA
International Business Times - 2/9/2016 6:59:27 PM
Top global oil importers The top three oil importers of the world are the United States, China and India. India imports about 80 percent of its annual crude oil consumption. The country's oil import bill for FY2016 has been estimated at $64.22 billion ...
IEA raises estimate of surplus oil supply on higher Opec output
Live Mint - 2/10/2016 11:05:49 AM
Photo: Reuters London: The global oil surplus ... of Petroleum Exporting Countries (Opec) members Iran and Iraq bolster production while demand growth slows, according to the International Energy Agency (IEA). Supply may exceed consumption by an average ...
BP’s Bob Dudley Urges Global Carbon Price To Meet Paris Climate Change Goals
International Business Times - 2/10/2016 10:22:52 AM
At that level, countries would fail to meet international ... “We need a global carbon-pricing mechanism,” the oil executive said. He pointed to BP’s latest projections that global energy consumption will rise 37 percent from 2013 to 2015 due to ...
Russia to remain world’s largest exporter of primary energy resources — BP’s Outlook
tass.ru - 2/10/2016 9:28:36 PM
No specific date yet on Russia’s oil output consultations with OPEC countries — Kremlin Despite ... China surpasses the US as the world’s leading oil consumer by 2035, but per capita oil consumption will remain just 27% of the US.
White Oil Industry in Global and Chinese Region 2016 to 2021 Market Research Report
Financial Content - 2/8/2016 4:58:57 PM
The total market is further divided by company, by country, and by application/type for ... Global and Chinese White Oil Industry 4.4 2011-2016 Global and Chinese Supply and Consumption of White Oil 4.5 2011-2016 Chinese Import and Export of White ...
USA tight oil production to double by 2035
farandulife.com - 2/10/2016 11:44:36 PM
Gas becomes the leading fuel in North American energy consumption ... at 5.6%/year. Global oil supply is expected to expand by almost 19 million barrels per day (bpd), led by growth outside the Organization of the Petroleum Exporting Countries (OPEC ...
OPEC expects rivals to pump out less oil in 2016
CNBC - 2/10/2016 12:17:24 PM
In fact, OPEC believes that global demand for oil would still be "broadly robust" in 2016 with countries outside the Organisation ... are expected to weigh on oil consumption in the region. However, this could be offset by expanding demand in major ...
Ecuador’s Oil Industry Catastrophe… To Spread Around The World
GoldSeek - 2/11/2016 3:55:08 AM
Not only has a significant part of the Amazon been polluted by toxic waste oil left behind ... due rising domestic consumption. The Collapse Of Ecuador’s Drilling Rig Industry While the drilling rig count in the U.S. and world has fallen considerably ...
Oil Is the Cheap Date From Hell
Bloomberg - 2/11/2016 10:57:29 AM
Far from falling, world oil consumption rose by 3.1 million barrels a day in the ... could break even with West Texas Intermediate as cheap as $22.52 a barrel. The countries really being slammed by cheap oil are not the U.S. but the likes of Russia and ...
SEB: Nordic Outlook: Stronger global growth, but downside risks dominate - Swedish boom threatened by imbalances
Yahoo Finance - 2/9/2016 8:58:10 AM
The euro zone is benefiting from low interest rates, the decline in oil prices and a weak euro. Consumption ... in most countries at the end of our forecast period. "Secular stagnation" thesis increasingly pivotal in central bank discussions Global ...
Get Ready for the Long Haul: Cheap Crude Oil Is Here to Stay
Guru Focus - 2/9/2016 5:19:14 PM
Political interference plays a big part in oil price dilemma Consider for example that countries like the U.S. and Canada, France, Germany, Italy, Spain and the United Kingdom are looking for ways to reduce carbon emissions, increase fuel consumption ...
The Impact of Global Oil Consumption: OECD vs. Non-OECD
Investment U - 1/27/2012 3:33:21 PM
Oil consumption from emerging market countries (have-nots) is just about to eclipse that of the old world (haves). Check it out: This is the only chart you need to look at to know that unless you have your own oil well in your backyard, you’re soon going ...
Iran Threatens to Floods Oil Market Even Further
latinone.com - 2/11/2016 10:57:29 AM
According to Financial Buzz, the country's move has caused more problems in the oil market with the price dropping below $30 per barrel. It explained that even though the global consumption of oil has already increased, oil-exporting countries are still ...