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
Falling oil prices shake up global economies
Herald-Dispatch - 10/19/2014 3:51:44 AM
Oil consumption globally is 91 million barrels per day. That means the world's oil producing countries and companies are bringing in as much as $2.8 billion less in revenue every day -- and consumers, shippers and airlines are saving a comparable amount on ...
Eight pieces of our oil price predicament
Oil Voice - 10/24/2014 9:43:43 AM
A couple of recent examples of countries with collapsing oil exports are Egypt and Syria ... Egypt’s oil production and consumption, based on BP’s 2013 Statistical Review of World Energy data. Figure 6. Syria’s oil production and consumption ...
8 Pieces Of Our Oil-Price Predicament
investing.com - 10/23/2014 5:48:41 AM
A couple of recent examples of countries with collapsing oil exports are Egypt and Syria. (In Figures 5 and 6, exports are the difference between production and consumption.) Figure 6. Syria’s oil production and consumption, based on data of the US ...
Oil Boom Prompts U.S. to Push for Crude Exports
Truthdig - 10/24/2014 3:48:48 PM
The change in world fossil fuel production, consumption and costs caused by ... have the capacity to displace 30% of the crude oil currently imported to West Coast refineries from foreign countries”, according to an email written by Elizabeth Watters ...
8 Reasons For Our Oil Price Predicament
Oil Price - 10/23/2014 11:20:57 PM
A couple of recent examples of countries with collapsing oil exports are Egypt and Syria. (In Figures 5 and 6, exports are the difference between production and consumption.) Figure 5. Egypt’s oil production and consumption, based on BP’s 2013 ...
Why Harold Hamm Isn't Worried About Plunging Oil Prices
Forbes - 10/20/2014 10:20:05 PM
On the contrary, “this is one country, the Saudis, attempting to dictate world ... Indeed, the U.S. government’s Energy Information Administration estimates that global oil consumption (91.5 million bpd) has kept pace with supply growth (91.8 million ...
Oil Prices Fall Despite Global Uncertainty
econintersect.com - 10/22/2014 1:35:09 PM
Global consumption growth forecasts were revised downward due to weak demand in Asia and countries belonging to the Organization for Economic Cooperation and Development (OECD). Meanwhile surging production in the U.S. pushed up the supply of oil ...
Global Winners and Losers from Lower Oil Prices
Investing Daily - 10/23/2014 5:58:50 PM
In oil alone, U.S. production covered 54% of consumption in 2013, according to BP’s June 2014 Statistical Review of World Energy ... and Mexico are clear losers from lower prices; both countries produce substantially more oil than they use.
Global oil supply edged up by 500,000 bpd in 2013: OAPEC
Kuwait Times - 10/23/2014 6:27:28 PM
The oil supply rate of the Organization of Arab Petroleum Exporting Countries (OAPEC) member states hit around ... industrialized states which possess around 51 percent of global oil consumption edged down from 1.5 percent in 2012 to 1.2 percent in 2013 ...
World Crude Oil Market Bigger Than OPEC
Live Trading News - 10/19/2014 1:42:53 AM
“If the shale oil revolution can be sustained in the United States, and successfully exported to other countries, some combination of ... On the demand side, consumption of refined products in the United States is still more than 2-M BPD lower than ...
Don’t Mess With Saudis in Oil Bear Market Global Shakeout
Businessweek - 10/16/2014 3:08:10 PM
China relied on imports to meet 57.4 percent of its crude consumption in 2013 ... of inflation that deterred foreign investment. Venezuela’s oil industry accounts for 96 percent of the country’s dollar export earnings, according to Petroleos de ...
Saudi Arabia supplies less oil in September despite output rise
Reuters - 10/23/2014 1:41:08 PM
Saudi Arabia is likely to keep its oil production steady throughout the rest of the year as world oil consumption is expected to rise ... members of the Organization of the Petroleum Exporting Countries have indicated their reluctance to cut output to ...
IEA Cuts Outlook for Oil-Demand Growth by 22%
Wall Street Journal - 10/14/2014 4:29:17 PM
... producer of petroleum-based liquids—including oil and natural-gas liquids. The IEA said earlier this year the U.S. had overtaken Saudi Arabia and Russia, though it still lags behind both countries in terms of crude-oil production alone. Total ...
Pakistan to begin local production of Rice Bran Oil in December
Business Recorder - 10/22/2014 10:53:30 PM
Pakistan is one of the largest consumers of edible oil and the consumption of oil stands around 3.3 million ... which is consumed in several countries including US, Japan and other countries. Talking to Business Recorder, Abid Butt, Chief Executive Officer ...
China Scores Cheap Oil 14,000 Miles Away as Glut Deepens
Bloomberg - 10/24/2014 2:48:32 AM
Shale oil has boosted the country’s crude output to the highest since 1985. European consumption is also shrinking as refineries shut or convert to storage depots at the fastest pace since the 1980s. Crude that may have previously found a buyer in the U ...